Source: United Kingdom – Ministry of Defence
Pension Savings Taxation Allowance Guide 2020/21 (accessible version)
Pension Savings Taxation Allowance Guide 2020/21
PDF, 3.36MB, 68 pages
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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 liable for a Pension Savings tax charge
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 2020/21 or both the threshold income exceeds £200,000 and the adjusted income (threshold income plus PIA) exceeds £240,000, on their AFPS pension savings.
Published 16 June 2021