Members of public sector pension schemes may soon receive a Pension Savings Statement (PSS).

The statement focuses heavily on the Annual Allowance, which is the maximum value of the growth in your pension savings each year that can benefit from tax relief.

High income individuals may be subject to a tapered Annual Allowance.

If you work in the public sector and receive a Pension Savings Statement this month and are confused by the nature of it, or are left wondering what the figures mean, then Lifetime has the experience and expertise to break this down for you, help you understand the statement, and make it relevant to your situation.

Please contact our pension department on 01226 208600, or email [email protected]

More information on the PSS can be found here: