LoginRegister

Teachers Logo
  • Home
  • About Us
  • Advice
  • Seminars
  • News
  • Downloads
  • FAQ’s
  • Contact
Home/News/Teachers Pension/Annual Allowance Reminder

Annual Allowance Reminder

01/04/2014 Ged O'Neil Bell

Teachers’ Pensions receive data every year from employers, which they use to calculate whether members face a tax charge under Annual Allowance (AA). Members who have exceeded the AA can elect for the Teachers’ Pensions Scheme (TPS) to pay the tax charge on their behalf by completing a Scheme Pays Notice. This must be received no later than the 31st of July 2014.

To check whether you qualify, you can read the Annual and Lifetime Allowance FAQ’s on the Teachers’ Pensions website.

The 31st of July deadline is statutory and set by the HMRC. If you miss this deadline, you will need to pay the tax charge direct to HMRC. Interest may also be applied to the charge.

For more information, contact Teachers’ Pensions on 0845 606 6166.

Posted under: Teachers Pension


Make an Enquiry

Please complete and send the short contact form below and we will come back to you as soon as possible.

Teachers TFP logoEducation Support logoIndependent Financial Advisors logo
  • Site Map
  • Legal
  • Privacy
  • Careers
  • Complaints

Teachers Financial Planning Limited FRN 552276 is an appointed representative of LJ Financial Planning Limited FRN 429142 which is authorised and regulated by the Financial Conduct Authority.

Content on this website is provided for information purposes only and should not be considered advice.

The information contained within this website is subject to the United Kingdom regulatory regime and is therefore primarily targeted to consumers in the United Kingdom.

Registered Office: St James Business Centre, Wilderspool Causeway, Warrington, WA4 6PS. Teachers Financial Planning are registered in England & Wales Company Registration Number 07612896.

Data Protection Register Number: Z2662669.



© 2011-2022 Teachers Financial Planning Limited.
Website designed and developed by Carpe Diem