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NHS Annual Allowance Pension Savings Statement

by Steve Dean, on 16th November 2013 | 0 comments

After an 18 month wait the Pensions Agency has finally started to produce Annual Allowance Pensions Savings Statements for 2011/12 with promises for a calculation of the estimated 2012/13 Input Amount to follow. If the Pension Input Amount they have calculated for you exceeds £50,000 you may be faced with a significant additional tax liability which should have been paid by 31 January 2013.

“Carry Forward” and “Scheme Pays” may soften the blow but action needs to be taken before 31 December 2013 at the latest.

To find out more please contact Steve Dean on [email protected]