Guidance

Step by step guide for the AFPS Pension Savings Taxation (Annual Allowance) notification letter for tax year 2019/20

This guide has been provided to assist members of the armed forces who have exceeded the standard tax free pension savings limit.

• From: Ministry of Defence and Veterans UK
• Published: 20 May 2020
• Last updated: 10 November 2020 — See all updates

Documents

Pension Savings Taxation (Annual Allowance) notification letter for tax year 2019/20

PDF, 3.08 MB, 48 pages

Pension Savings Taxation Allowance Guide 2019/20 accessible version

HTML

Details

This guide has been provided to assist members of the armed forces to establish if they are liable for:

• a Pension Savings tax charge
• how to work out their tax bill if they are
• how to register for a self-assessment tax return if required
• how to complete that tax return and how to pay the tax bill
• if they have exceeded the standard pension savings limit of £40,000 for tax year 2019/20 or both the threshold income exceeds £110,000 and the adjusted income (threshold income plus PIA) exceeds £150,000, on their AFPS pension savings.

Published 20 May 2020
Last updated 10 November 2020 + show all updates

1. 10 November 2020

   Attached revised PDF guide and updated annual allowance calculator link.

2. 28 August 2020

   Updated the step-by-step guide.

3. 20 May 2020

   First published.