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For members of the Local Government Pension Scheme in Scotland

Annual allowance quick check tool

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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. It increased from 40,000 to £60,000 from 6 April 2023.

Currently you can only use this tool to check your pensions savings in the tax years 2016/17 to 2022/23. We will update the tool to include the annual allowance increase from 6 April 2023 in due course

See the Tax section - Opens in a new browser window for information about how the value of your LGPS pension saving is calculated for this purpose.


How this tool works


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Your circumstances

* Denotes a required field

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 - Opens in a new browser window for more information.

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Pension details

* Denotes a required field

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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.

About your results

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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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