Unused 2015/16 Personal Pension Annual Allowance lapses on 5 April 2019
Post Author:
Anne Melville
Date Posted:
September 13, 2018
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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.
