Ministry Of Defence
October 31
15:32
2022
Details
This guide has been provided to assist members of the armed forces to establish:
- if they are liable for a Pension Savings tax charge
- how to work out their tax bill if they are liable for a Pension Savings tax charge
- how to register for a self-assessment tax return, if required
- how to complete that tax return and how to pay the tax bill
- if they have exceeded the standard pension savings limit of 40,000 for tax year 2021/22 or both the threshold income exceeds 200,000 and the adjusted income (threshold income plus PIA) exceeds 240,000, on their AFPS pension savings.