Guidance
Step by step guide for the AFPS Pension Savings Taxation (Annual Allowance) notification letter for tax year 2021/22
This guide has been provided to assist members of the armed forces who have exceeded the standard tax free pension savings limit.
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This guide has been provided to assist members of the armed forces to establish:
- if they are liable for a Pension Savings tax charge
- how to work out their tax bill if they are liable for a Pension Savings tax charge
- how to register for a self-assessment tax return, if required
- how to complete that tax return and how to pay the tax bill
- if they have exceeded the standard pension savings limit of £40,000 for tax year 2021/22 or both the threshold income exceeds £200,000 and the adjusted income (threshold income plus PIA) exceeds £240,000, on their AFPS pension savings.
Updates to this page
Published 24 June 2022Last updated 31 October 2022 + show all updates
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Updated Step by step guide for AFPS Annual Allowance notification letter for tax year 2021/2022.
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Updated Step by step guide with latest version.
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First published.