- Skip to content [Accesskey 'S']
- Skip to navigation [Accesskey 'N']
- Go to Home page [Accesskey '1']
- Go to Site Map [Accesskey '3']
- Go to Search page [Accesskey '4']
- Go to Help page [Accesskey '6']
- Go to Terms & Conditions page [Accesskey '8']
- Go to Contact Us page [Accesskey '9']
- Go to Access Key Details page (Accessibility information) [Accesskey '0']
Help us improve your online experience...
We're always looking to improve the online services and experiences that we offer to you, we would really appreciate your participation in this short survey to help achieve this. It should take you no longer than 2 minutes to complete.
Annual Allowance Calculator.
Annual Allowance Calculator
Following the Finance Bill 2011, the Government have made some key changes to limits on pension contributions:
Broadly, from 6 April 2011 the Annual Allowance of £255,000 reduced to £50,000 and the ability to 'Carry Forward' unused Annual Allowance was introduced.
Where the total of the contributions to all of your registered pension schemes exceeds the Annual Allowance in a given year, unused allowances from up to three previous tax years may be available. The Annual Allowance for each of the three tax years before the tax year 2011/2012 is assumed to be £50,000 for this purpose. To be able to do this you must have been a member of a registered pension scheme in the tax year(s) from which you wish to make use of any unused allowance. If you think this may affect you please contact your financial adviser..
To help you with these rule changes, we've developed a calculator.
Using the calculator
By entering the appropriate Pension Input amount for each of the tax years and the expected earned income from employment for the current tax year our calculator will show the following:
1. How much is available to carry forward.
2. The maximum permissible contribution for this tax year.
3. The impact on the personal allowance of paying the maximum permissible contribution for this tax year.
Start using the Annual Allowance Calculator
How useful did you find this page?
Use the calculator now
Technical centre
Tools and calculators
- Pension Annuity inflation demonstrator
- With Profits Annuity inflation demonstrator
- With Profits Annuity income calculator
- Pension salary sacrifice calculator
- Decreasing term - mortgage or business protection
- Business valuation calculator
- Business protection key person calculator
- Business protection premium equalisation calculator
- Income protection maximum benefit calculator
- Business retention calculator
- Direct Debit Collection Calculator
Our online services
- Protection menu quote and apply
- Bond quote and apply
- Pension quote
- Qualifying savings plan quote
- Bond and pension contract enquiries
- International Portfolio Bond enquiries
- Collectives valuations
- Pension transfer analysis: e-TVAS
- New business tracking
- Proposal tracking
- Early Warning System
- Pension Annuity quotes
