Tax - Annual Allowance Review

Tax – Annual Allowance Review

We will work out your Pensions Tax positions and options for paying any tax due with a report and (up to) 45-minute meeting

What is an Annual Allowance Review?

With our Annual Allowance Review we will

sense check your pension record,
assess your Annual Allowance position and any tax due
work out your options on how to pay that tax

What will I get?

We’ll review the information you provide (we ask for a lot of information to make sure your Annual Allowance positions can be calculated).

We then

produce a tailored, personal report which sets out your Annual Allowance position and any tax due plus options on how to pay that tax, and
Discuss the report in a (up to) 45-minute meeting on Microsoft Teams

Your meeting will be on Microsoft Teams (which is free to use) so you need to be able to use Teams and it’s useful to check the meeting link works for you before the time of your meeting.

What's not covered?

We don’t give financial advice, so cannot advise which option to take. Additional scenarios may not be covered and would be treated as an extra piece of work (and extra charge). We won’t liaise directly with your Pension Scheme(s) or other third parties but will support you if you need to check or otherwise contact the scheme for additional information. Annual Allowance changes resulting from the McCloud Remedy (RPSS – Remediable Pension Saving Statement) are a separate service, you may be able to claim back RPSS support costs. Any Contingent Decisions support resulting from the McCloud Remedy is a separate service, please ask us if you also need this support.

Who is my Pensions Consultant?

We have a small team of pensions experts – Laura, Kerry or Gilly will be there to help you.

How much does it cost?

Our charge for this service starts at £450 + VAT (£540 in total)

We’ll discuss the level of complexity in your case, agree the cost and we’ll email you the invoice after your meeting.

Do I have to remember everything from my meeting?

No, we’ll send you your report and you can add notes.