
Tax limits
You may be caught by the tax limits that apply to pensions if you:
- are a high earner
- have received a promotion
- have received a large one-off payment that is pensionable
- are thinking about making large additional voluntary contributions
The key limit is the annual allowance (the amount your pension savings can increase in any one year). The amount of tax-free cash you can take from your pension is also limited.
More information about tax limits
- the LGPS member website
- your annual benefit statement
- ourĀ Guide to the LGPS