2019/20 Pension Savings Statement – Request yours today!

25th September 2020


If you have made contributions to a registered pension scheme of more than £40,000 in the tax year, your scheme administrator should automatically send you a pension savings statement by 6 October 2020. This will detail your total pension input for the 2019/20 tax year as well as your pension input for the 3 previous tax years.


The statement will then be used by your tax advisers when preparing your tax return to determine the annual allowance position and calculate any charge arising


If you have a final salary scheme, the growth in your pension pot will be considered rather than the actual contributions made.




There are two circumstances where a pension savings statement may not be automatically issued but it will still be needed:


  1. Where your contributions (or the growth in your pension pot) are less than £40,000 but your total earnings after contributions are more than £110,000.


  1. Where your contributions (or growth) are in excess of the £40,000 allowance in total but are split across a number of schemes and each individual scheme is below the threshold.


If either of the above apply to you, or for any reason you should have received a statement automatically but didn’t, we recommend you REQUEST YOUR PENSION SAVINGS STATEMENT FOR 2019/20 NOW to ensure it is received in good time to prepare your tax return and fully review your pension position. The statement can be requested by contacting the scheme administrator directly.


If you require any further information about the annual allowance, or need assistance with calculating an annual allowance charge, then please speak to your usual Whiting and Partners contact.


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