This guide is for financial advisers only.  It mustn't be distributed to, or relied on by, customers.  It is based on our understanding of legislation as at December 2024.

Overview

All examples assume the following:

  • The money purchase annual allowance doesn’t apply, and
  • There’s been no benefit accrual or contributions paid under any other registered pension schemes during the period covered.

For further information see the Carry Forward and Tapered Annual Allowance sections of this guide