Pension contribution year query

[rjustice]

Hello all,

I have started paying directly from my ltd company to a previous company (where I was an employee) pension scheme at Standard Life. When I started doing this I was informed that I had a 'pension contribution period' that started in August and then my contributions were limited for this year at 40k (I understand I can pay more in as this pension scheme was opened 3 years ago and I haven't used my allocation for previous years).

Anyway, I would prefer to move this 'pension contribution period' to start at the same time as the tax year, to simplify things for me (I try and make my pension contributions enough to keep me below the higher tax threshold).

Does anyone have an opinion on whether this will cause any issues for me?

[Martin at NixonWilliams]

Hello all,

I have started paying directly from my ltd company to a previous company (where I was an employee) pension scheme at Standard Life. When I started doing this I was informed that I had a 'pension contribution period' that started in August and then my contributions were limited for this year at 40k (I understand I can pay more in as this pension scheme was opened 3 years ago and I haven't used my allocation for previous years).

Anyway, I would prefer to move this 'pension contribution period' to start at the same time as the tax year, to simplify things for me (I try and make my pension contributions enough to keep me below the higher tax threshold).

Does anyone have an opinion on whether this will cause any issues for me?

It is possible, you will need to speak to the scheme administrator and ask for the period to be changed. Note that it cannot be backdated.

I hope this helps.

Martin