More pension contributions to use previous years allowance

[WordIsBond]

Should have said, IANAA, so make sure you get your accountant's go-ahead, but the rules seem pretty clear.

[Scrag Meister]

Carry forward rules: RPSM06108010 - Technical pages: annual allowance: from 6 April 2011: calculating the tax charge: carrying forward unused annual allowance from earlier years

You can carry forward the unused portion of the allowance in effect at the time you did not use the entire allowance. That means you can use £50K to calculate your allowed carryforward for the year in question.



If you've been paying £18K for "many years" be sure you pay attention to the lifetime limit.

Cheers, Not that "many years",

[WordIsBond]

Carry forward rules: RPSM06108010 - Technical pages: annual allowance: from 6 April 2011: calculating the tax charge: carrying forward unused annual allowance from earlier years

You can carry forward the unused portion of the allowance in effect at the time you did not use the entire allowance. That means you can use £50K to calculate your allowed carryforward for the year in question.

If the individual was a member of a registered pension scheme but, in one particular tax year, did not have a pension input amount for that year then they can carry forward the full amount of the annual allowance from that year. In practice this means £50,000 if the previous tax year in question included any of 2011-12, 2012-13 and 2013-14 and a deemed annual allowance of £50,000 if the previous year included any of 2008-09, 2009-10 and 2010-11.

If you've been paying £18K for "many years" be sure you pay attention to the lifetime limit.

[Scrag Meister]

One for the accountants, and thanks in advance. (NLUK - I am also emailing my accountant )

For the past 2 years (13/14 and 14/15) I have maxed my pension contributions 50k and 40k, inc monthly contributions. For many years I have been contributing 18k on a 1.5k per month basis.

Can I make another contribution for 12/13 of 32k to bring the 12/13 contribution to the then allowance of 50k or only 22k to current allowance of 40k?


All payments direct from MyCo account.

Is 12/13 as far back as I am permitted to go?