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.

• From: Ministry of Defence
• Published: 24 June 2022
• Last updated: 31 October 2022 — See all updates

This publication was withdrawn on 17 August 2023

This publication is superseded by Step-by-step guide for the AFPS Pension Savings Taxation (Annual Allowance) notification letter for tax year 2022/23.

Documents

Step by step guide for AFPS Annual Allowance notification letter for tax year 2021/2022

ODT, 384 KB

This file is in an OpenDocument format

Details

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.

Published 24 June 2022
Last updated 31 October 2022 + show all updates

1. 31 October 2022

   Updated Step by step guide for AFPS Annual Allowance notification letter for tax year 2021/2022.

2. 5 July 2022

   Updated Step by step guide with latest version.

3. 24 June 2022

   First published.