Pension Savings Statement

Milestones
and deadlines

Welbeck Street, London

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?

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.

Step 1 > Yes > Step 2

You need to register for and complete a Self Assessment form – you can do this here.

5th October 2021: The deadline for registering for Self Assessment if you’re not already registered.

Do you want to use Scheme Pays?

Step 1 > Yes > Step 2 > No > Outcome

Outcome

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

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

Outcome

10 December 2021: Deadline for requesting Scheme Pays – you can do this here.

31 January 2022You still have to submit your Self Assessment Tax return to HMRC by this deadline.

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?

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.

Step 1 > Yes > Step 2

You need to register for and complete a Self Assessment form – you can do this here.

5th October 2021: The deadline for registering for Self Assessment if you’re not already registered.

Do you want to use Scheme Pays?

Step 1 > Yes > Step 2 > No > Outcome

Outcome

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

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

15th October 2021: Deadline for requesting a Scheme Pays quote – you can do this here.

8th November 2021: Date by which we will issue your Scheme Pays quote.

Do you still want to use Scheme Pays?

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

Outcome

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

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

Outcome

10th December 2021: Deadline for returning your Scheme Pays nomination form.

31st January 2022: You still have to submit your Self Assessment Tax return to HMRC by this deadline.


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