DEO 09-07 - Annual Allowance for Pension Benefits

Date published: 12 April 2022

This DEO serves as a reminder that, under the new tax regime for pensions introduced from 6 April 2006, Her Majesty’s Revenue and Customs (HMRC) has introduced an Annual Allowance for pension benefits, and that it is the individual responsibility of staff for ensuring they do not breach the limit or if they do that they recognise and make provision for the relevant income tax which HMRC will require to be paid.

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