Pensions Annual Allowance - Use it or lose it and the carry forward rules

When it comes to making pension contributions, you have an annual allowance – which is the amount you’re allowed to contribute into your pension each tax year. Generally, the rules state that you either use your annual allowance by 5th April each year, or you lose it come 6th April. But there is something called the carry forward rules, which I will explain in this video, along with an explanation of the annual allowance rules.

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