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Posted Wed, 25 Sep 2024 11:44:02 GMT by Hugo Farquhar-Selfe
If you have exceeded the pension annual allowance in the tax return year, but have sufficient allowance rolled over from prior years to nullify the tax owed, do you need to include the Pension Savings Tax Charges section in the Self-Assessment or not? According to guidance at https://www.gov.uk/guidance/check-if-you-have-unused-annual-allowances-on-your-pension-savings, you do not need to report the carrying forward of annual allowance to HMRC. However, the process for tailoring the Self-Assessment return only asks about whether Annual Allowance has been exceeded in the return period. If it has, the guidance says you need to submit Pension Savings Tax Charges section.
Posted Thu, 03 Oct 2024 13:36:00 GMT by HMRC Admin 32 Response
Hi,
No. keep a record for yourself. You only need to report it when you have utilised all the allowance.
Thank you.

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