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Pension savings annual allowance calculators - introduction

From 6 April 2014 the annual allowance for tax relief on pension savings in a registered pension scheme was reduced to £40,000. This includes contributions made by anyone else into your pension such as your employer. If your pension savings exceed this amount you'll have to pay a tax charge and give details of this on a Self Assessment tax return.

The rules allow you to carry forward any unused annual allowance from the 3 previous tax years to offset this charge.

You can't use these calculators for flexible drawdown or split pension input periods. See the 'Useful links' section below for further guidance on these subjects.

Information you need to use these calculators

The results are based on the information that you put into the calculator so it's important that you enter accurate information. If you use estimated figures the results will be incorrect.

You need to know your pension input amount for every tax year that you're using, before you can work out if you have any annual allowance that you can carry forward. The best way to get this information is to ask your pension scheme administrator to supply it. If you have savings in more than one scheme you'll need to get this information from each pension provider or scheme administrator.

If you can't get these details from your pension provider or scheme administrator you can use the pension input amount calculator to estimate the figures. However this calculator can't be used for all types of pension scheme - see the pension input amount calculator introduction link below.

If you need to calculate your pension input amount use the calculator below.

Go to the pension input amount calculator

Carrying forward unused annual allowance

You can use these calculators to work out whether you have any unused annual allowance that you can carry forward to a current tax year provided you were a member of a registered pension scheme, or qualifying overseas pension scheme, at some time during all of the previous 3 tax years.

The pension savings annual allowance calculators

There are 2 calculators - you need to decide which calculator you need to use.

The standard pension savings annual allowance calculator

Use this calculator if:

  • your pension input amount has been consistently below the annual allowance for the 3 years before the year you wish to test against the annual allowance
  • in the current tax year you haven't needed to consider the use of carry forward for any of the 3 previous tax years

Go to the standard pension savings annual allowance calculator

The enhanced pension savings annual allowance calculator

You must have been a member of a UK registered pension scheme, or qualifying overseas pension scheme in every year in order to be able to use this calculator. You don't need to have a pension input amount for every year.

The enhanced calculator will work out whether you have any unused annual allowance to carry forward for the tax years from 2008 to 2009 to the tax year 2015 to 2016.

If you weren't a member of a pension scheme for all of the years in the calculator you won't be able to use the enhanced calculator as the result will be inaccurate.

Go to the enhanced pension savings annual allowance calculator

Related guidance

Further guidance on tax on your private contributions can be found on the GOV.UK website.