Pension Savings Statements

15 October 2019

Teachers’ Pensions has stopped routinely posting out statements advising if you have gone over your Annual Allowance for the previous tax year.

Many members are unaware that the statements are only available online through the secure messaging service on your ‘dashboard’ on the TPS website. If you have had a pay rise above inflation, or if you earn more than £120,000 pa, you should check the website annually to see if you have received one.

If you have received a Pension Savings Statement and are not sure what it all means, or whether you owe a repayment of tax, then please contact the ASCL Hotline for advice.