I have DB, DC and SIPP pensions. This makes calculating exact figures regards Annual Allowance difficult/time-consuming.
Im looking to max-out my AA contributions. I dont think I have much carry-forward left.
Im not quite sure of what the consequences are if I go over my AA limit. Am I right in thinking that I wont get a 'punitive charge', its only that HMRC will remove any tax incentive that I would have had otherwise? If so, I can live with that. (Obviously its not ideal, and I will try and limit anything above my AA to as smaller amount as I can).
Each year I fill in a self assessment form. Do I just enter all my pension contributions, and HMRC just calculate what tax is owed (if I go over my AA)? In other words, I dont have to specify how much Ive gone over my AA. I presume not, but thought Id ask.

Thanks