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LIVE Civil Service Pension Scheme Task Force Update We are experiencing intermittent issues with One Time Passwords (OTPs) being received to mobiles and emails. Please continue to attempt registration, there is no need to contact us Quotes update: All outstanding retirement quotes will be issued to members by the end of June. Please see our Quotes Hub for information and support. Please note we cannot escalate any quotes in advance of the end of June whilst we work through this distribution. The Member Portal and Employer Portal will be unavailable from 7:45am on Saturday 23 May while we carry out planned maintenance. You will not be able to log in, register or use online services on either portal during this time. This will not affect your information or any previous activity. Services should be available later on 23 May. Please try again then.

Member Knowledge Article

alpha - Your pension and tax - Section 07A

Do I get tax relief on my pension contributions?    

Yes. You can get tax relief on your pension contributions. Your employer takes your contributions from your pay before working out the tax, so you will automatically receive full income tax relief. This is subject to HM Revenue & Customs limits. HM Revenue & Customs can ask you to pay back any tax relief you get above the relevant limits.

Is my pension taxed when it is paid?

When your pension is paid, it will be taxed as income in the same way as a salary.

HM Revenue & Customs will give you a tax code that we will apply to your pension so that you are paying the correct level of tax.

Is my pension lump sum taxed when it is paid?

If you have chosen to take a lump sum in exchange for some of your pension, this payment is currently tax-free.

What is the Annual Allowance?

The Annual Allowance is set by HM Revenue & Customs and any changes to the Annual Allowance are made by HM Revenue & Customs. Annual Allowance is the maximum value of the growth in your pension savings each year that can benefit from tax relief.

If the growth in your pension savings over the tax year are more than the Annual Allowance, you might have to pay a tax charge based on the amount of the Annual Allowance.

You can request a pension savings statement from us to check your pension against the Annual Allowance.

Find out more about Annual Allowance

What is the Lump Sum Allowance?

The Lump Sum Allowance (LSA) limits the amount of tax-free lump sum you can receive from your pensions at retirement. For further information on the LSA, please visit our website.