Taking advantage of your pension tax allowances

Are you aware of the impact that new tax allowances could have on your retirement?

Avon Pension Fund is working with Affinity Connect to help our members plan for a positive retirement. The new online course ‘Taking advantage of your pension tax allowances’ offers members an overview of the tax allowances and how they could be affected. 

About the tax allowances

• The Annual Allowance Limit for a defined benefit scheme like the LGPS is a measurement of the growth of the pension benefits, not the total annual contributions paid. This can be impacted by a large pay increase in conjunction with significant scheme membership. 
• The new Lump Sum Allowance/Lump Sum Death Benefit Allowance is the maximum amount of tax-free lump sum and death benefit lump sum that can be paid in respect of someone’s pension benefits.

You may be impacted by these changes, and it is important that you understand the tax allowances and what action you may need to take.

The free one-hour course will cover:

• The key tax-relief benefits when funding pensions
• The Annual Allowance
• When this allowance can be higher or lower
• The cap on tax-free cash payments
• Next steps

For full course details visit Affinity Connect: Taking advantage of your pension tax allowances

There are two dates available:

To book your place visit the Affinity Connect registration website

Book early as spaces are limited.

The course will provide information only. It will not include or constitute regulated financial advice.