LGPS Annual Allowance Factsheet

This factsheet has been produced to provide all necessary information regarding the Annual Allowance (AA).

The annual allowance (AA) is the amount by which the value of your pension benefits may increase in a year without you having to pay a tax charge.

If the value of your pension savings in a year (including pension savings outside of the LGPS) is more than the annual allowance, the excess will be taxed as income.

You can download and view the document found on this page for additional information.