For UK financial advisers only, not approved for use by retail customers. Click here for the customer website.

Pension savings statement season is just around the corner

6 min watch 15 Sep 22

On this webinar, Mark Devlin, one of our Senior Technical Managers, went through the information you need to navigate those advice issues for those who have breached their allowances but also the advice opportunities for those that haven't.

Following the session you should now be able to:

  • Describe how carry forward can mitigate any annual allowance excess identified in a pension savings statement.
  • Calculate the amount of tax payable on a clients annual allowance excess.
  • Demonstrate the advice opportunities that are available using annual allowance.

To claim your CPD certificate, test your knowledge with the questions below.

Write down your answers to each of the following questions and check your answers when you click through to claim your CPD certificate on the link below. 

Test your knowledge

1. By what date must schemes send a pension savings statement? 

a) 5th of October

b) 6th of October

c)  5th of November

d) 6th of November 


2. If a client receives a pension savings statement they will definitely have an annual allowance charge? 

a)  True

b) False


3. Carry forward can be used to mitigate;

a)  The standard and money purchase annual allowances

b)  The money purchase and tapered annual allowances

c) The standard and tapered annual allowances

d) The standard, tapered and money purchase annual allowances


4. You can use carry forward from years you were not a member of a UK registered pension scheme?

a) True

b)  False

To claim your CPD certificate, click here.

Related insights