Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Fri, 02 Jun 2023 10:09:28 GMT by Michael
My question is around pension carry forward when there is a period of unemployment. Like many people I was out of work during the pandemic so did not earn during 2020/21 tax year. I have been working and made pension contributions during 2021/22 & 2022/23 tax years. Is the carry forward amount for 2020/21 £40,000 or the amount I could have made that year (£2880)?
Posted Tue, 06 Jun 2023 10:51:29 GMT by HMRC Admin 8
You need to be a member of a registered scheme in order to make use of the £40,000 annual allowance. as its not clear if this is the case, there is a calculator for you to work out what you are due at Membership of a registered pension scheme
Thank you.
Posted Thu, 08 Jun 2023 15:05:32 GMT by Michael
Thank you HMRC Admin 8. I believe I understand that because I was not contributing to a pension during the 2020/21 tax year, due to unemployment, then the allowance is not carried forward from that year. The link you provided was very helpful too.

You must be signed in to post in this forum.