You have confirmed that you are currently contributing to one of the defined benefit sections of the Plan, that you are also affected by the Money Purchase Annual Allowance and that you have paid contributions to a defined contributon arrangement in the tax year 2020/21. As a result your available Annual Allowance may be affected, please contact the pensions team on 0800 7811378 and press option 4, or through our website here.
What date did you first access a DC benefit to trigger the MPAA?
The scheme or arrangement that you took the benefit from will have provided you with a certicate confirming that you have triggered the MPAA, you should provide the date from this certificate.
As you have triggered the Money Purchase Annual Allowance after 5 April 2021, your pension savings will be assessed against the standard Annual Allowance.
As you have triggered the Money Purchase Annual Allowance during the 2020/21 tax year, please contact the pensions team and they will assist you in calculating whether you have a tax charge.