Milestones and deadlines :: Pearson Pensions

Please click to confirm if you are a member of a defined benefit (DB) or defined contribution (DC) section. This information is included in your pension savings statement.

The timeline below shows the key milestones and deadlines associated with paying an Annual Allowance tax charge.

Step 1

Deadline Calculator

You need to work out your Annual Allowance.

You need to check whether you have exceeded your Annual Allowance.

Have you exceeded your Annual Allowance?

Yes No

Step 1 > No > Outcome

Outcome

You do not have to do anything else — but we recommend that you keep a note of any Carry Forward figures for next year.

Yes No

Step 1 > Yes > Step 2

You need to register for and complete a Self Assessment form - This link opens in a new browser window.

5^th October 2023: The deadline for registering for Self Assessment if you’re not already registered.

Do you want to use Scheme Pays?

Yes No

Step 1 > Yes > Step 2 > No > Outcome

Outcome

31^st January 2024: Deadline for submitting your Self Assessment Tax return and paying your Annual Allowance to HMRC.

Yes No

Step 1 > Yes > Step 2 > Yes > Step 3

Outcome

30^th November 2023: Deadline for requesting Scheme Pays - This link opens in a new browser window.

31^st January 2024: You still have to submit your Self Assessment Tax return to HMRC by this deadline.

Yes No

The timeline below shows the key milestones and deadlines associated with paying an Annual Allowance tax charge.

Step 1

Deadline Calculator

You need to work out your Annual Allowance.

You need to check whether you have exceeded your Annual Allowance.

Have you exceeded your Annual Allowance?

Yes No

Step 1 > No > Outcome

Outcome

You do not have to do anything else — but we recommend that you keep a note of any Carry Forward figures for next year.

Yes No

Step 1 > Yes > Step 2

You need to register for and complete a Self Assessment form – you can register / complete a Self Assessment form here - This link opens in a new browser window.

5^th October 2023: The deadline for registering for Self Assessment if you’re not already registered.

Do you want to use Scheme Pays?

Yes No

Step 1 > Yes > Step 2 > No > Outcome

Outcome

31^st January 2023: Deadline for submitting your Self Assessment Tax return and paying your Annual Allowance to HMRC.

Yes No

Step 1 > Yes > Step 2 > Yes > Step 3

6^th October 2023: Deadline for requesting a Scheme Pays quote - This link opens in a new browser window.

8^th November 2023: Date by which we will issue your Scheme Pays quote.

Do you still want to use Scheme Pays?

Yes No

Step 1 > Yes > Step 2 > Yes > Step 3 > No > Outcome

Outcome

31^st January 2022: Deadline for submitting your Self Assessment Tax return and paying your Annual Allowance to HMRC.

Yes No

Step 1 > Yes > Step 2 > Yes > Step 3 > Yes > Outcome

Outcome

30^th November 2023: Deadline for returning your Scheme Pays nomination form.

31^st January 2024: You still have to submit your Self Assessment Tax return to HMRC by this deadline.

Yes No

Pension Savings Statement
Your pension savings statement
Calculating your Annual Allowance
Annual Allowance Tax Charge
Telling HMRC that you have exceeded your Annual Allowance
Milestones and deadlines
Scheme Pays Request Form

The Pearson Pension Plan