Unused 2015/16 Personal Pension Annual Allowance lapses on 5 April 201913th September 2018 | Posted in: Pensions, Savings & Investments, Personal Tax, Planning
To utilise any unused 2015/16 personal pension relief, any additional pension contributions will need to be paid by 5 April 2019, otherwise the relief from 2015/16 will lapse.
Note, however, that for some taxpayers the method of calculating unused personal pension relief for 2015/16 is extremely complicated as the government changed the pension rules part way through that year on 8 July 2015. The amount of pension allowance will depend on the pension input period for your scheme.
We can assist you to calculate your unused 2015/16 personal pension relief and it if would be tax efficient for you to utilise this prior to 5 April 2019.