This is sometimes known as the Alternative AA.
From tax year 2015/16, members who flexibly access a money purchase arrangement, in some circumstances, will trigger the modified Money Purchase AA rules.
If the Money Purchase AA limit is exceeded, you’ll have a reduced alternative AA for any remaining defined benefit pension savings.
This includes the 1995 or 2008 Scheme and the 2015 Scheme.
If you think this may affect you, read the Tapered AA information on our website.
You’ll be sent a pension savings statement (PSS) if:
- your growth in the NHS Money Purchase Additional Voluntary Contribution (MPAVC) exceeds the AA
- you’ve flexibly accessed your money purchase arrangement and your growth in the NHS MPAVC may exceed the Money Purchase AA
If you’re unsure of the contributions you’ve made to the NHS MPAVC Scheme, write to your NHS MPAVC provider(s) to confirm the contributions that have been made.