London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Warning on pension contributions

The annual allowance on pension contributions reduces to £40,000 from the tax year 2014/15 onwards.  However, this may have an impact from an earlier date.

The issue is that pension contributions are based on pension input periods.  If the input period ends in 2014/15, the £40,000 limit applies.  The pension input period does not have to match the tax year.  This means that any pension savings for pension input periods starting before 6 April 2014 (which could be as early as 7 April 2013), but ending in tax year 2014/15, will count towards the reduced annual allowance of £40,000.

You may therefore want to check what your pension input period is and when you will start to be affected by the reduced £40,000 annual allowance.



Date: 29th May, 2013
Author: Cathy Corns


Articles from this Author

20th March, 2018
Beneficial loans

20th March, 2018
IR35 consultation

20th March, 2018
Tax codes

25th October, 2017
R&D changes see 22% increase in claims by SMEs

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.


Disruption in distribution click on the link to read how Corporate Advisory Partner, Henry……

Vendor assistance and vendor due diligence click on the link to read Corporate Finance Dire……



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn