Pension providers will soon be sending annual allowance pension statements for the 2013 to 2014 tax year to all pension scheme members contributing more than £50,000 per year to a pension scheme. Finance Act 2011 legally requires pension providers to send these statements.
Pensioners can use the:
- pension schemes annual allowance checking tool to help you to check whether you need to calculate your annual allowance tax liability, even if you haven’t received a pension statement
- standard or enhanced pension savings annual allowance calculator if you already know that you need to calculate your annual allowance charge
- pension input amount calculator to calculate your pension input amount.
