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Tax and your pension

Find out how tax affects your pension benefits.

my pension online - upgrade 24th November 2025

Due to a planned upgrade, my pension online will be unavailable Monday 24th November 2025 between 8am and 6pm. 
Following the upgrade, all registered users will be prompted to create a new account. This step is essential to enable an additional layer of security for your login. We appreciate your patience and apologise for any inconvenience this may cause.

Find out about our upgraded pension portal

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Tax and your contributions

Find out about tax relief on the contributions you pay.

Annual Allowance

Find out the amount your pension benefits can increase in any one year without you having to pay a tax charge.

Lump Sum Allowance (LSA)

Find out about the amount that you can receive in tax-free lump sums from all your pensions.

Lump Sum and Death Benefit Allowance (LSDBA)

Find out about the amount of tax-free lump sums and death benefit lump sums that can be paid as part of your pension benefits.

Lifetime Allowance

The Lifetime Allowance (LTA) has been abolished with effect from 6 April 2024. 

Effective tax planning for high earners

An online course offering members an overview of the tax allowances and actions to consider with their pensions. 

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