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Where Taxpayers and Advisers Meet

Help with pension allowance carry forward calculation

miro2021
Posts:32
Joined:Wed Aug 06, 2008 3:43 pm
Help with pension allowance carry forward calculation

Postby miro2021 » Sun Dec 29, 2019 6:07 pm

Hi

I'm hoping someone can clarify the calculation of carry forward allowance.

I used this HL calculator to try and work out the allowance but have become confused as to the amounts to enter in the pension contribution fields per year.
https://www.hl.co.uk/pensions/contributions/carry-forward-rule/annual-allowance-calculator

When I log in to my stakeholder pension's online portal and view the figures for contributions per tax year I see for example
eg.
Amount of your contributions: £ 24,000 Net £ 30,000 Gross
Amount of your employer contributions: £5,000 Gross

I'm not clear whether I should enter £29,000 or £35,000 into the calculator for that tax year.

I would be grateful if anyone can clarify - I've read a umber of articles online but still a bit confused..

darthblingbling
Posts:707
Joined:Wed Aug 02, 2017 9:09 pm

Re: Help with pension allowance carry forward calculation

Postby darthblingbling » Sun Dec 29, 2019 9:46 pm

£35k


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