The tax figures that are important for pension schemes change every year. Most amounts are based on amounts set by the government, such as the state pension and the minimum wage. Many pension schemes use the standard amounts. The standard amounts for 2024 are as follows:
When will we adjust these amounts?
If these amounts apply in your pension scheme, we will adjust this in our pension administration system in December 2023.
Do you have other amounts in your pension scheme? If so, we will update this in our records by January 2024 at the latest. Do you specify the amounts yourself or together with your adviser? If so, please inform us in good time.
Do you have another contribution-exempt amount or have further questions? If so, feel free to contact us at firstname.lastname@example.org or on 020 562 1100. We will be happy to help.