Annual Allowance

As a member of a Fire Pension Scheme you are benefiting from tax relief on the pension savings you build up each year. However, the Government sets a limit on how much tax relief you may have and this is known as the Annual Allowance (AA). The AA is currently £40,000 2020/21.

Please see the factsheets below for further information. (Please note that if you have the maximum 30 years service then please contact us directly to request a calculation).

The maximum value of pension benefits that an individual may build up over their lifetime without incurring a tax charge is known as the Lifetime Allowance (LTA). The LTA is currently £1,073,100 2020/21.