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If I’m in more than one pension scheme, how is the Annual Allowance (i.e. the limit on the amount of tax privileges available on pension savings paid in a tax year to a scheme) calculated?

April 26, 2017allowance annual I’m limit Pension privileges savings Scheme tax

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If I’m in more than one pension scheme, how is the Annual Allowance (i.e. the limit on the amount of tax privileges available on pension savings paid in a tax year to a scheme) calculated?

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Any payments you make are totalled over all schemes to be measured against your total earnings. All contributions, yours and employers, are totalled and measured against the Annual Allowance (£235,000 in the tax year 2008/09).