Am I likely to be affected by the Annual Allowance?

Most people aren’t affected by the annual allowance because their pension savings don’t increase by more than £60,000 in a year.

You are most likely to be affected if one or more of these statements applies to you:

You have final salary membership and you receive a significant pay increase. Membership built up before 1 April 2014 is final salary membership. You could also have final salary membership that you transferred from another public service pension scheme.
You combine a previous LGPS pension benefit that was built up in the final salary section of the LGPS and your salary is higher than it was when you left the Scheme.
You transfer pension rights that include final salary benefits into the LGPS from another public service pension scheme and your current salary is higher than your salary was when you left the other pension scheme.
You pay a high level of additional contributions.
You are a high earner.
You have accessed flexible benefits since April 2015.

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