Overpaid into pension

Hi I have overpaid into my pension in the last financial year but am trying to figure out where on the self assessment form I can claim relief from prior year underpayments. I have read that I can use allowance from the last three years, but can’t see where I claim this. Thanks. Aash

Hi Aash Patel,
If you have any unsed allowances from the previous 3 years that cover the excess that you have paid into your pension then you do not need to declare it on the return.
If not, you will be liable to a pension savings tax charge and declare it under exceeding annual allowance.
Thank you. 

Hi My wife is in a similar situation shes retired early due to ill health, she worked at a school so theyveput teh next 7 years of payments in in one lump so she can get her pension early, this takes her over the yearly amount she can pay in but shes got plenty of allowance int eh previous 3 years, the pension fund said she needs to get a form from inland revenue to fill in but the person she spoke to previously sent her out a form as if shed paid too much income tax not the pension payments, can you tell me the form number i need to request to offset teh current years pension payment excess against previous years

Hi Tim Cotter 48

Please have a look at the guidance at PTM051200 (PTM051200 - Annual allowance: essential principles: when the annual allowance charge does not apply).  
You will need to determine that the the payments meet the severe illhealth conditions.  If they do, there is no pension savings tax charge.  
If they do not, you can carry forwards the surplus allowance from the previous 3 tax years and add this to the current year threshold.  
If the payment exceeds this revised sum, then a pension saving tax charge arises and a self assessment tax return is required, to declare the excess in SA101.  
Please also have a look at HS345 Pension savings — tax charges (2024), which advises how to declare the excess.

Thank you

Hi, I have overpaid by 68p (due to some rounding made by my employer) into my pension and have received a letter from my pension provider advising of this. Is there a tolerance for tiny insignificant overpayments? I feel any admin to deal with this rounding issue would cost HMRC more to process than what it is worth.

Hi SimonD,
As the amount is so small, no action will be taken.
Thank you.
 

Hello, I have paid a few hundred pounds over my annual pensions limit. However, I have a huge surplus allowance from the last few years that I underpaid. Do I still need to declare this on my self assessment? In fact, if it were not for this, I don't think I even need to fill in a self assessment.

Hi,
You are able to carry forward unused annaul allowances from the 3 previous tax years.  As long as you pension payment in the year is below the threshold plus the carried forward suplus, there is nothing to declare on your tax return.  If you do exceed the maximum, then the excess is called a pension savings tax charge and is taxable.  Please have a look at the guidance at:
Check if you have unused annual allowances on your pension savings
Thank you.