Understanding the Annual Allowance in pensions

The Annual Allowance is the amount of tax-free pension savings you can save in a year — this includes all of your pension savings. If you go over the limit, your savings may be taxed, so it's important to keep the Annual Allowance in mind when it comes to your pension. After you've watched this video, visit our website for more information on tax limits at https://railwayspensions.co.uk/pensio.... You can also learn more on the government website at https://www.gov.uk/tax-on-your-privat.... Tax can be tricky, so Sid the Squirrel is here to help! Check out our other videos on tax:    • Tax and other complex pension topics   Website: https://railwayspensions.co.uk/ #railwayspensionscheme