HMRC sets limits on how much you can save tax efficiently through pensions each year, and this is known as Annual Allowance (AA).

We are currently in the process of writing to all members of the Essex Pension Fund who have exceeded the standard AA limit this year, and have created an 'Annual Allowance (AA) Guide for LGPS Members' to assist these individuals.

If you have received a Pension Saving Statement (PSS) from the Essex Pension Fund please review this guide for further information on how to determine whether you have a tax charge, and what action you now need to take.