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For members of the Local Government Pension Scheme in Scotland

Annual allowance quick check tool

20%

Overview

You can use this tool to check if your LGPS pension saving is likely to exceed the annual allowance. The annual allowance is the amount your pension savings can increase in a tax year without you having to pay a tax charge. The allowance is set by the Government and is currently £40,000.

See the Tax section for information about how the value of your LGPS pension saving is calculated for this purpose.



40%

Your circumstances

I confirm that

You have not ticked all the boxes above. If any of the circumstances above apply this tool is not suitable for your use. Please see the Tax section or contact your local pension fund for more information.

60%

Pension details

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Cost of Living Adjustment is % ?

Start of Pension Input Period

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End of Pension Input Period

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Results

Estimated amount of annual allowance used £
The results show that you have not exceeded the standard annual allowance in this tax year.

100%

Next steps

To find out more about the annual allowance, including how to pay a tax charge, use the links below.


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