PPRuNe Forums - View Single Post - Pension Annual Allowance... exceeded?!?
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Old 28th Dec 2020, 10:46
  #21 (permalink)  
Melchett01
 
Join Date: Sep 2004
Location: Darling - where are we?
Posts: 2,580
Received 7 Likes on 5 Posts
Originally Posted by heights good
So, it appears I don't actually owe tax... I think?! I will be checking with HMRC on Tuesday when they are back to work.

However, why on earth are my pensions savings SO erratic?

19/20 - £40,312
18/19 - £18,609
17/18 - £15,502
16/17 - £79,255
9 Jul 15 - 5 Apr 16 - £10,303
6 Apr 15 - 8 Jul 15 - £3,750
14/15 - £6,790
13/14 - £7,866

I am on AFPS 75/15 so have no clue what on earth is happening with anything or why my pensions savings are so different year to year. My salary certainly hasn't changed that much every year and I am not PA.

Perhaps a magic 8-ball
heights good,

I'd be really interested if you get an answer to the inconsistencies in PIA (13/14, 14/15 specifically). I noticed exactly the same thing and asked FPS and got precisely nowhere. They came back with the usual factors - promotions, pay rises etc - which is fine when the totals are going up, but why does it also drop in some years? If benefits grow as a function of salary, length of service and accrual rate, then the numbers should surely increase in a predictable manner. Or am I missing something?

Once again, the PPRuNe virtual crewroom springs into action to resolve tax and pension issues that the MOD is unwilling or unable to answer. Pretty poor show really.
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