As a member of a Police 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 factsheet below for further information.
(Please note that if you have the maximum 30 years service then please contact us directly to request a calculation)
Members of the 2006 Police Pension Scheme please contact the helpdesk
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 Lifetime Allowance is currently £1,073,100 2020/21.