Annual Allowance and PIA
Posted: July 21st, 2019, 12:24 pm
I left my old job last year which had a DB scheme and was able to join the DB scheme at the new company. But I can't get my head around the Pension Input Amount (PIA) calculation for last year, do I need to do the PIA calculation for both schemes and add them together or pro rata somehow, as I had approx 6 months active membership in both ?
I'm now a Deferred member of the old scheme so I understand I can ignore it for future tax year calculations, just not sure on the transition year.
Also a question on AVC contributions, we use salary sacrifice, do I use the actual amount deducted from my pay or do I gross it up for the tax saved ?
Thanks
I'm now a Deferred member of the old scheme so I understand I can ignore it for future tax year calculations, just not sure on the transition year.
Also a question on AVC contributions, we use salary sacrifice, do I use the actual amount deducted from my pay or do I gross it up for the tax saved ?
Thanks