PruAdviser Online Services ​for Retirement Account will be unavailable from 21:00 on Thursday 16 September until 00:00 on Friday 17 September for essential maintenance. We apologise for any inconvenience caused.
PruAdviser online services will be unavailable from 20:00 BST Saturday 18 September until 07:00 BST Sunday 19 September for essential website maintenance. We apologise for any inconvenience caused.

Time for some mid (tax) year annual allowance work?

Session: 19 November 2020


One of the most important dates in the annual allowance cycle is the 6 October. This is the date when schemes are required to issue pensions savings statements for those that have breached their annual allowance or money purchase annual allowance. 

This may mean that you have received, or will soon receive queries from your clients about what this means, and what can be done. And whilst thinking of annual allowance what other opportunities to provide advice are there?

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

This session should help you gain a better understanding of the:

  • The operation of the annual allowance and money purchase annual allowance
  • How carry forward can mitigate any annual allowance excess identified in a pension savings statement
  • Options available for paying annual allowance charges
  • Advice opportunities using annual allowance

Presenter – Mark Devlin – Senior Technical Manager 

Test you knowledge

1. By what date must schemes end 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.

"Prudential" is a trading name of Prudential Distribution Limited. Prudential Distribution Limited is registered in Scotland. Registered Office at Craigforth, Stirling FK9 4UE. Registered number SC212640. Authorised and regulated by the Financial Conduct Authority. Prudential Distribution Limited is part of the same corporate group as the Prudential Assurance Company. The Prudential Assurance Company and Prudential Distribution Limited are direct/indirect subsidiaries of M&G plc, a company incorporated in the United Kingdom. These companies are not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.