How many years can I carry forward tax relief?

[Marianne]

If I make a contribution to a Personal Pension (RAC) that exceeds my limit for tax relief, I understand that I can carry forward excess tax relief into future years until it's used up.

Is there a limit to how many years I can continue carrying forward in respect of the same contribution?

 

[Bez]

I dont think that there is (other than the natural limit of retirement age), I had headr somewhere that company contributions cannot be spread over more than five years.

 

[Marianne]

Thanks Bez,

I had the figure of five years in my head from somewhere but I wasn't sure if it applied here.

 

[Homer]

Excess member contributions can be carried forward indefinitely.

The five year rule on employer contributions is not a limit on carrying forward excess contributions. It is the maximum period over which tax relief is spread if the employer pays a special lump sum contribution.

Homer