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Is CPI included when calculating pension input for Annual Allowance (Alpha Defined Benefit pension)

pathsofdarkness · 2022-07-05 21:24:00

Objective: I would like to calculate my pension input in terms of the Annual Allowance for the 2021/22 tax year. Problem: I'm confused about whether or not I include inflation as part of what I accrued during the year when it comes to the pension input amount at the end of the year. Aside: I know I haven't gone over the AA…

Comments

hugheskevi Posts: 4,524 Forumite

22 July 2022 at 12:41PM edited 22 July 2022 at 12:41PM

BillyHorner said:

I’m presuming that’s just for the CARE element of such pensions?

Yes, although final salary schemes will have a very similar issue if they use a measure of inflation-adjusted final salary that looks at past years.

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