Pension Carry-Forward Check

I am in a non-contributory final salary pension scheme although I have paid AVC for several years. In 2023 I opened a SIPP account with Interactive Investor. I just wanted to check if I am correct with my pension allowance carry-forward calculation. The C/F figures I used are from my employer pension scheme plus contributions I made to my SIPP in 2023/24 and to date for 2024/25. Pensions C/F Carry-Forward Cumulative HBOS C/F 2021-22 16,024.75 16,024.75 HBOS C/F 2022-23 20,684.03 36,708.78 HBOS C/F 2023-24 43,074.12 79,782.90 Less ii SIPP 2023-24 -33,000.00 46,782.90 Pension C/F 2024-25 43,074.12 Est. 89,857.02 Less ii SIPP 2024-25 -51,000.00 38,857.02 (Unused C/F) Thanks.

Hi,

We cannot comment on any form of calculation/example or scenario, whether fact or fiction. We can only point you the direction of the guidance. There is an online calculator at: 

Check if you have an annual allowance tax charge on your pension savings

Thank you.

Thanks, I used the calculator and keyed same data as above. The calculation for current year 2024/25 is incorrect unless I am missing something? - 6 April 2024 to 5 April 2025 Your result Amount Available annual allowance £106,785 Available money purchase annual allowance £0 Pension savings £67,925 Amount on which tax is due £0 Unused annual allowance £30,760 -- £106,785 - £67,925 = £38,860 (from my manual calculation) NOT £30,760 as above?

Hi,

We are not aware of any issues with the calculator.

Thank you.

Thanks, then how do I report an issue? I keyed the amounts in first post and get figures in second. I have repeated and get the same results.

Hi macleda,
At the bottom of the page there is a section to report any issues/get help.
Thank you. 

 

Thank you.