Annual allowance: providing pension savings statements | Practical Law

Annual allowance: providing pension savings statements | Practical Law

This practice note explains the requirements on pension scheme administrators to provide an annual pension savings statement to members whose pension contributions or accruals exceed the annual allowance or the money purchase annual allowance following flexible access. Members who are affected are entitled to receive a statement automatically, while other members have a right to request a statement.

Annual allowance: providing pension savings statements

Practical Law UK Practice Note 4-535-1585 (Approx. 11 pages)

Annual allowance: providing pension savings statements

MaintainedUnited Kingdom
This practice note explains the requirements on pension scheme administrators to provide an annual pension savings statement to members whose pension contributions or accruals exceed the annual allowance or the money purchase annual allowance following flexible access. Members who are affected are entitled to receive a statement automatically, while other members have a right to request a statement.