Total carry forward available including current year (i.e. last three years plus current year) £ Unused aa Available today (capped at AA used for for carry PIP period dates and total contributions paid in Total gross Applicable £40/50K for Excess over Tax year PIP previous forward period contributions in annual forward. annual ends in carry (individual PIP period allowance See 2015/16 allowance forward years and not for special cumulative) rate) Scheme 1 Scheme 2 Scheme 3 Scheme 4 2009/10 £245k 2010/11 £255k 2011/12 Pre/post £255k/£50k 14/10/10 2012/13 £50k 2013/14 £50k 2014/15 £40k *£80k If AA is £80k, minus for pre 9 July 2015/16* all contributions. conts. Minus conts If AA is £40k minus made = Allowable Pre 9 July only post 8 July post 8 July. contributions. Max amount that can be carried over Post 8 July to post 8 July is £40k. aa to be used (80k or £ 40k) PIPs now run in tax years only £ ** insert annual allowance 2016/17 figure £ ** insert 2017/18 annual allowance figure £ ** insert 2018/19 annual allowance figure Please read notes on next page
PIP period dates and total contributions paid in period Tax year PIP ends in Total gross contributions in PIP period Applicable annual allowance Unused aa (capped at £40/50K for forward. See 2015/16 for special rate) Excess over annual allowance AA used for previous carry forward Available today for carry forward (individual years and not cumulative) Scheme 1 Scheme 2 Scheme 3 Scheme 4 2009/10 £245k 2010/11 £255k 2011/12 Pre/post 14/10/10 £255k/£50k 2012/13 £50k 2013/14 £50k 2014/15 £40k 2015/16* *£80k for pre 9 July conts. Minus conts made = Allowable post 8 July. Max amount that can be carried over to post 8 July is £40k. If AA is £80k, minus all contributions. If AA is £40k minus only post 8 July contributions. Pre 9 July Post 8 July aa to be used (80k or 40k) £ PIPs now run in tax years only 2016/17 £ ** insert annual allowance figure 2017/18 £ ** insert annual allowance figure 2018/19 £ ** insert annual allowance figure Total carry forward available including current year (i.e. last three years plus current year) £ Please read notes on next page
omw_pdf9198_helping_you_calculate_unused_carry_forward_allowances.docx