Pension Allowance
Are you near the Allowance?
Helping you identify whether the pension allowances will affect you.
Are you near the Allowance?
Helping you identify whether the pension allowances will affect you.
Explain the issues
Allow you to assess your own situation
Outline the solutions available
Exceeding either pension allowance may result in a tax charge. You may have an issue under either allowance or both, use the calculators to find out. Each calculator will give you a signal:
You have no current issues. You can carry on contributing to your pension at the present level. However you should check again each year as an increase in earnings or contributions could bring you closer to the limits.
Proceed with caution. Although you don’t need to make any immediate changes you should consider your options. A change in your circumstances could see you exceeding the limits.
Means you need to make a change. If you don’t you are likely to receive a tax charge. However there are likely to be simple steps you can take to avoid or reduce this.
Allowance
Allowance
pension.allowance@lemonadereward.com
Calculation results are only a guide and are not guaranteed, they should not be relied upon as a recommendation or advice that a particular course of action is suitable.
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ilumiti LLP is authorised and regulated by the Financial Conduct Authority - Number 608554. The Financial Conduct Authority does not regulate tax advice.
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