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Posted Mon, 02 Sep 2024 20:13:58 GMT by Moonshine
Dear HMRC, Please could you advise on this so that I can understand if I can use the Carry Forward rule (pension - PTM055100) : If I have made a lump sum payment of say 80,000 to buy additional pension in a LGPS scheme that i've been part of for several years. The LGPS says that I have to claim back any tax via Tax Return (no relief at source). Am I allowed to use the Carry Forward rule ? For example, If my gross salary was 35k in 22/23 but my employee pension contibution was 2k and employer contributions were 3k - Then in 23/24, if my gross salary was 44k and my employee pension contibution was 4k and employer contributions were 5k but I also paid a one off lump sum of 80k to buy additional pension. Can I use the Carry Forward rule to take any unused allowance from 22/23 over to 23/24 and claim tax back via SA return for 23/24 ? So looking at this example, in 22/23, is my unused allowance (35k - 2k - 3k = 30k) ? Can I carry this 30k forward to add to my maximum allowance in 23/34 (44k gross salary) ?
Posted Wed, 11 Sep 2024 14:58:10 GMT by HMRC Admin 20 Response
Hi,
The carry forward rule for pensions is in respect of the annual allowance only to avoid any charges being raised, this does not allow for any unused tax relief to give a refund.
Any refund due on your payment is based on the tax year the payment is made only.
Thank you.
Posted Tue, 17 Sep 2024 16:30:55 GMT by martin2602 Place
Hi, I retired in 09/2023 after 43 years working. I have lived off savings so far and it is now 09/2024 and I have not worked since or had any earnings. Because I have no earnings since retiring is it correct that I now cannot use the three year pension carry forward rule please ? Thanks in advance 

Name removed admin .
Posted Thu, 26 Sep 2024 09:16:48 GMT by HMRC Admin 20 Response
Hi martin2602,
You are correct.  
As you had no earning in those years, the maximum you could pay in each year is the minimum tapered pension allowance.  
Any unused allowacne for the 3 previous years can be carried forward.  Pension schemes rates.
Thank you.

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