Annual Allowance calculations ???

Madeinireland

Hi,

I am currently putting a lot of money into an AVC linked to my company pension which is a defined benefit scheme (yes I know I am one of the lucky ones). My problem is working out the amount I can now put in based on the change in rules to lower the annual contribution to £50,000. I know the basics - such as the fact that there is a multiplier (16) on defined benefit scheme increases and that I can reuse unused contributions upto the £50k limit from the last 3 years - but I can't find any easy way to work out what my contributions have been over the last 3 years particularily the contribution related to pay increases. I am currently putting in £30K a year into AVC's and coupling this with pay increases (although they have been small) is likely to get me in a position where I have exceeded the limit - but how do I work that out precisely.

I am in a 80th's scheme and have been in the scheme for 25 years. I am also buying added years with an extra pension contribution per year. I earn about £60k.

Do I get an opportunity to index the value of my pension by inflation in the calculations? At what point in time is inflation measured ? I presume my AVC contributions are not multiplyed by 16 ? Although I am in an 80th's scheme I am have lump sum of 3 / 80. How does that figure in the calculation ? Do I just ask my pension admininstrator for a figure for each of the last 3 years ?

Can someone supply a sample calculation that I can reuse for this example ? I am worried that I may get a fairly large pay rise next year as a result of a promotion thus pushing me towards a huge tax bill so I need to know how much to reduce my AVC contribution to keep me under the £50k taking into consideration my payments over the previous 3 years as well.

Thanks in anticipation !!