Forces Pension Society

Fighting for the forces and their families

Annual Allowance (AA) letters have been issued!

October 10, 2017
MOD Letters

Veterans UK have now sent AA letters to all personnel (less MODOs and Senior Officers of OF7 and above) that have breached their allowance in FY 2016/17.

Not all breaches result in a tax charge of course and most personnel will have sufficient ‘carry-over’ of unused AA for the previous three FYs to offset against this year’s breach.  If you have a letter and you’re unsure what it means, whether you have a charge or not and what to do next, get in touch and we can explain and answer your questions for you.

If you’re a MODO or OF7 (or above), you should expect to receive your notification (if you have breached of course) in mid-November

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