The Pension Tax allowances Webcast

The purpose of this webcast is to give an overview of the limits to tax relief that apply to pension contributions and the potential tax charge that may apply to your pension if you exceed certain allowances.

The rules relating to pensions are complicated and your personal circumstances may mean you are impacted by rules that are not detailed within this webcast. You should always seek regulated financial advice if you are unsure.

N.B This webcast reflects the 2023/24 tax year.

So that you can easily find the content relevant to you at any particular time the webcast has been split in to the following 3 modules:

Tax Relief on Your Pension Contributions
Pension tax allowances
Further Information

Please click below to watch the webcast in full: If, after the watching the webcast, you have any questions about how these allowances might affect you, you can request a call back on the contact us page.

Alternatively, to watch individual modules separately, you can select from the following:

Module 1: Pension savings and tax relief

In this module we will explore the limits to tax efficiency when saving into a pension plan and consider the potential tax charge if these limits are exceeded.

Visit gov.scot for information on Scottish Tax.

Module 2: Annual Allowance Carry Forward

In this module we will review the rules for carrying forward unused Annual Allowance from previous tax years.

Module 3: Tapering the Annual Allowance

The purpose of this module is to look at the tapering or reduction to the Annual Allowance that can apply to an individual that has an income which exceeds certain thresholds.

Module 4: The restricted Annual Allowance

The purpose of this module is to consider why the Annual Allowance may be restricted.

Module 5: The retirement tax-free cash limit

In this module we look at the limit to tax-free cash that applies at the point you come to take benefits from your pension plans.

Module 6: Summary and next steps

In this module we provide a reminder for some of the actions you may consider when reviewing your pension tax position.