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Document I am thinking of buying Additional Pension by regular payments, will this have an effect on my Annual Allowance?

Yes, buying Additional Pension by regular payments will increase your pension growth in the tax years during which the regular payments are paid.

The values of Additional Pension purchased by regular payments at the beginning and the end of the pension input period will be calculated and added to your pension benefits in the opening and closing values to work out your pension input amount.

More information on Annual Allowance can be found on our
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