Guidance

Step by step guide for the AFPS Pension Savings Taxation (Annual Allowance) notification letter for tax year 2019/20

This guide has been provided to assist members of the armed forces who have exceeded the standard tax free pension savings limit.

From:
Ministry of Defence and Veterans UK
Published
20 May 2020
Last updated
10 November 2020 — See all updates

Documents

Pension Savings Taxation (Annual Allowance) notification letter for tax year 2019/20

PDF, 3.08 MB, 48 pages

Pension Savings Taxation Allowance Guide 2019/20 accessible version

HTML

Details

This guide has been provided to assist members of the armed forces to establish if they are liable for:

  • a Pension Savings tax charge
  • how to work out their tax bill if they are
  • how to register for a self-assessment tax return if required
  • how to complete that tax return and how to pay the tax bill
  • if they have exceeded the standard pension savings limit of £40,000 for tax year 2019/20 or both the threshold income exceeds £110,000 and the adjusted income (threshold income plus PIA) exceeds £150,000, on their AFPS pension savings.
Published 20 May 2020
Last updated 10 November 2020 + show all updates

  1. Attached revised PDF guide and updated annual allowance calculator link.

  2. Updated the step-by-step guide.

  3. First published.