Annual allowance charges: calculation of Scheme Pays offset
Last edited: Apr 23, 2026
Published: Apr 23, 2026
Offset elections made on or after 1 April 2014
Guidance on the reduction of a member’s pension rights following an election for an annual allowance charge to be met by the Scheme (election made on or after 1 April 2014.
| Dated | Operative date | Document(s) | Extant? |
|---|---|---|---|
| 1 April 2026 | 1 April 2026 | Guidance | Yes |
| 27 July 2023 | 28 July 2023 | Factor spreadsheet version 2023-04 Covering letter | No |
| 5 May 2021 | 11 May 2021 | Guidance Covering letter | No |
| 28 May 2019 | 21 June 2019 | Guidance Factor spreadsheet version 9 (dated 20 December 2019) Covering letter | No |
| 12 April 2016 | 29 April 2016 | Guidance Covering letter | No |
| 1 April 2014 | 1 April 2014 | Guidance Covering letter Amendments – Nov 2014 (see section 8) | No |
Offset election made prior to 1 April 2014
Guidance on the reduction of a member’s pension rights following an election for an annual allowance charge to be met by the Scheme (election made prior to 1 April 2014).
| Dated | Operative date | Document(s) | Extant? |
|---|---|---|---|
| 14 April 2016 | 29 April 2016 | Guidance Covering letter | No |
| 6 September 2012 | 1 April 2013 | Guidance Covering letter Amendments – Feb 2014 | No |
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