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  • RE: Pension - Carry Forward Rule

    Hi there, I have an unused defined contribution pension scheme, to which I only contributed £2,000 in 23/24. I claim my state pension, and work part time. My salary is approx £24,000, about the same as 23/24. I would now like to pay this years full contribution up to my cap of £24,000 plus my saved contribution from 23/24 of £20,000, ie carrying forward my unused annual allowance from 23/24 in order to maximise the available tax relief. I would like to contribute a total of approx £44,000 to my pension this year. The “experts “are telling me in order to pay an extra £20,000, I have to exceed the total max annual allowance of £60,000 income this year ( which is impossible for me). I would then be able to contribute £80,000 and receive the tax relief, but I cannot pay £44,000 into my pension and receive the tax relief. I can find nothing in writing suggesting this is the case, but don’t want to make an expensive mistake and pay a load more tax. Can you please advise? Many thanks Ian