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Posted Wed, 22 Feb 2023 20:36:04 GMT by Billybob112
I have unused pension contributions of £100k that I can use in 2022/23. My earnings are higher than this so I can make this £100k contribution this year. When I do my self assesment I won’t automatically be charged/taxed because the contribution i enter on the SA form is above the £40k annual allowance (in this case it will be £100k)? Thanks
Posted Fri, 24 Feb 2023 16:12:48 GMT by HMRC Admin 25
Hi Billybob112,

This depends on your actual level of income as you may only be entitled to tapered allowance :

Work out your reduced (tapered) annual allowance

Thank you. 
Posted Fri, 24 Feb 2023 16:43:06 GMT by Billybob112
Thank you My total income in any tax year has been and will be well below £200,000 which I interpret as meaning no reduction in my AA - is that correct?
Posted Mon, 27 Feb 2023 15:18:30 GMT by HMRC Admin 17

Guidance on how to work out your 'threshold' income can be found at :

Pensions Tax Manual   .

  A fully worked example of threshold income can be found at :

PTM057200 - Annual allowance: tapered annual allowance: example of how to calculate threshold income, adjusted income and the tapered AA   .

The default threshold for individual is £40000.00 per annum, provided the earnings threshold of £200000.00 is not breachded
and no withdrawals from the Pension scheme have ocurred . 

Thank you.

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