Originally Posted by
LoeyDaFrog
If someone was already in receipt of their, say AFPS75 pension, but was also accruing AFPS15 benefits as they were in an FTRS job, could they expect a similar letter? Asking for a mate (cough cough)
You will certainly not breach the annual allowance by accruing AFPS15 in a FTRS job: at 1/47 accrual you’d need to be on a salary of £1.88M to reach £40k input! What you might need to check is your lifetime allowance. Work out the value of your AFPS75 pension at the time you started drawing it, deduct this amount from the lifetime allowance (currently £1.0731M), and the remainder is the headroom you have to make AFPS15 contributions (at 1/47th salary each year) without becoming liable for more tax. It’s in the guide
here; the rule of thumb is that your total AFPS annual pension income would need to exceed £46.6k for there to be a LTA issue.