Item Welcome to the NHS Business Services Authority Knowledge Base, the place to ask us anything you need to know

Document What are Money Purchase Annual Allowance and Alternative Annual Allowance?

For tax year 2015 / 2016 onwards, members who flexibly access a money purchase arrangement in certain circumstances will trigger modified Money Purchase Annual Allowance rules.
In these rules if the Money Purchase Annual Allowance limit is exceeded, you will have a reduced alternative Annual Allowance for any remaining defined benefit pension savings, which includes the 1995/2008 Scheme and the 2015 Scheme.
If you think this may affect you please refer to the Annual Allowance - Money Purchase and Alternative Annual Allowance fact sheet which is in the how the annual allowance is calculated section of the Annual Allowance page on our website.
AAA, alternative, MPAVC, Money purchase
See also...

Need more help?

If this doesn't answer your question please contact us directly or search again. Search Again

Does this answer your question?