Pension input periods

Produced by Tolley in association with John Hayward
Pension input periods

The following Employment Tax guidance note Produced by Tolley in association with John Hayward provides comprehensive and up to date tax information covering:

  • Pension input periods
  • Introduction
  • PIPs for 2015/16 and beyond
  • Aligning the PIP to the tax year ― transitional arrangements applied to 2015/16

Introduction

The annual allowance in relation to registered pension schemes is the maximum amount:

  1. by which a member’s benefits can increase in a pension input period (PIP) (in respect of defined benefit schemes)

  2. that can be contributed to pension arrangements in a PIP (for defined contribution or money purchase schemes)

If the annual allowance is exceeded there is a tax charge (the annual allowance charge) on the member.

See the Annual allowance guidance note.

PIPs for 2015/16 and beyond

In order to facilitate the taper of the annual allowance for the higher paid, and as a much welcomed general simp

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