Скачать или смотреть Annual Allowance 2025 Bite-Size Video 5 - I Have a Pension Savings Charge, What Should I Do Next?

In the fifth and final video in this series we focus on what you should do once you have confirmed that you have a pension savings charge, and you have calculated the amount of the charge.

We'll look at your options for paying the charge to HMRC yourself via your tax return, and the Scheme Pays option which is available if your charge is more than £2000.

We have also produced a guide to annual allowance for LGPS members which you can find on the Resources section of our website:
https://essex-pension-fund-directus-7...

Useful links:

Tapered Annual Allowance https://www.moneyhelper.org.uk/en/pen...

Pay your self-assessment charge https://www.gov.uk/pay-self-assessmen...

HMRC Annual Allowance calculator https://www.tax.service.gov.uk/pensio...

Government guide on how to calculate your Pension Savings charge https://www.gov.uk/hmrc-internal-manu...

Things to consider when choosing a financial advisor https://www.lgpsmember.org/help-and-s...

Help on how to choose an independent financial advisor https://www.moneyhelper.org.uk/en/get...

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