Scheme information

Limits and taxation

The Scheme is a registered scheme for HM Revenue & Customs’ (HMRC) purposes. As a registered scheme, it enjoys several tax advantages. 

Consequently, HMRC impose limits on the amount of pension savings you can make each year and build up over your working life.

It is your responsibility to ensure you monitor and understand how your pension savings may be affected by the allowances imposed by the HMRC.