Please see tables below for details of overall limits and deadlines which apply for the financial year commencing 06 April 2023
Financial Limits
Before 01 April 2023
| Membership |
Overall limit for purchases made before 01 April 2023 |
| classic |
£6,100 (plus lump sum amount of £18,300) |
| premium, classic plus or nuvos |
£7,600 |
| alpha |
£7,600 (this limit may be reduced if the member is also buying EPA) |
After 01 April 2023
| Membership |
Overall limit for purchases made after 01 April 2023 |
| classic |
£6,800 (plus lump sum amount of £20,400) |
| premium, classic plus or nuvos |
£8,400 |
| alpha |
£8,400 (this limit may be reduced if the member is also buying EPA) |
Deadlines
You will be notified of when you can apply to purchase Added Pension, but please take note of the key dates and actions in the table below if you are thinking of applying to buy Added Pension.
Summary of deadlines for lump sum payments:
| Buying Added Pension 2022/23 via Lump Sum |
Deadline |
| Lump sum through payroll & BACs |
17 February 2023 |
| Lump sum paid by cheque |
24 March 2023 |
Summary of deadlines for applications for monthly contributions:
| Buying Added Pension and/or Effective Pension Age (EPA) via monthly contributions 2022/2023 |
Deadline |
| All current alpha members who wish to purchase Added Pension and/or EPA |
10 March 2023 |
