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How to implement pension carry forward

valuepack · 2025-02-09 20:48:45

Hi all An inheritance that I'm due is going through probate at the moment and I intend to put a big chunk into my pension using the carry forward rule. I'm aware that I need to max out the current year before going back to the year before. If the money comes through before 1st April, I could easily calculate how much to…

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hugheskevi Posts: 4,494 Forumite

10 February at 6:24PM edited 10 February at 6:24PM

squirrelpie said:

Carry forward is a rich man's tool

I've seen many individuals with salaries of £30-£40K breach the old £40,000 Annual Allowance due to long-service in a final salary scheme and a pay bump in their later years of employment. So plenty of lower and moderate earners benefit too.

Less common at £60,000, but still very possible for moderate earners to breach.

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How to implement pension carry forward

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