The HMRC annual allowance calculator has been updated and is available for use from today.
The calculator allows you to input the member’s pension input amounts in the current and previous tax years (back as far as 2010/11) and details of adjusted/threshold income in the current and last 2 tax years where relevant. It then works out what annual allowance/carry forward is available, whether any annual allowance charges are due and what the tapered annual allowance figures are if applicable.
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