Client profile
Tax year 2026/27Who are we planning for?
TAFiT changes the questions and planning routes according to the client's circumstances.
2026/27 income
Enter the client's projected gross income. The tax picture will be rebuilt before and after the proposed planning.
Chargeable-event gain calculator
Straightforward full/final event or part-surrender excess event. Use the certificate route where the provider has supplied the gain.
Straightforward excess-event calculation only. Complex assignments and historic recalculations should use the known certificate/review route.
Client portfolio & accessible portfolio assets
Enter the current value of the client's main assets. TAFiT will use these figures to show where money moves from and to as part of the planning strategy.
Accessible / non-pension assets
Retirement assets
Pension input & annual allowance history
The three years available for 2026/27 carry forward are shown first. Earlier years are retained to reconstruct prior use and identify historic excesses.
Defined benefit details
A DB pension input amount has been entered. TAFiT will treat this as part of the pension input amount for Annual Allowance purposes.
Current carry-forward window
Earlier pension history / reconstruction
These years help test whether historic excess contributions were covered by carry forward. Use the advanced section below to record scheme membership and override a year's Annual Allowance where a historic tapered or otherwise reduced allowance is already known.
Carry-forward eligibility / historic Annual Allowance overrides
Carry forward from a tax year is only available if the client was a member of a registered pension scheme in that year. Leave the Annual Allowance override blank to use the standard allowance. Enter an override where a historic tapered or otherwise reduced Annual Allowance is already known.
Historic tapered Annual Allowance reconstruction
Optional. Enter historic threshold income and adjusted income to let TAFiT calculate the tapered Annual Allowance for that year. A manual AA override above takes priority. For 2020/21–2022/23 the adjusted-income trigger is £240,000 and minimum tapered AA £4,000; from 2023/24 the adjusted-income trigger is £260,000 and minimum £10,000.
Historic MPAA years remain a review item unless the carry-forward eligible alternative Annual Allowance is entered as the manual AA override. Full historic MPAA split reconstruction requires historic money-purchase versus other pension input amounts.
2026/27 tapered Annual Allowance
Planning proposal
TAFiT now only shows strategies that are available for the client's employment status.
Funding source detail
TAFiT will show the effect on the selected asset as well as the pension.
GIA disposal tax is not yet included in the headline benefit. The full CGT engine will calculate the gain, annual exempt amount, losses and applicable rate.
Bond withdrawals may create a chargeable event gain. TAFiT will ultimately feed this into the chargeable-event/top-slicing engine before showing a net wrapper-reconstruction benefit.
Limited company planning
These questions only appear for a limited company director.
Personal contributions in this prototype are treated as relief-at-source gross contributions for adjusted-net-income purposes. The detailed tax engine remains in development.
Planning analysis
The first view gives the planning answer. The next two show where the tax actually sits.
Planning Summary
Planning opportunity
Suggested planning approach
Planning position
A concise before-and-after view of how the proposed pension planning is funded and where the value sits afterwards. Salary and other income are treated as cash flow, not as portfolio assets.
Planning impact
Pension tax-relief breakdown
This separates relief added inside the pension from reductions in income-tax liability. Neither is automatically treated as cash in the client’s portfolio.
Adviser review points
Portfolio & cash position
This view shows where the money is before planning, where it moves to, and the resulting accessible and retirement asset position.
The portfolio view is a nominal before/after balance-sheet view. Tax relief outside the pension is shown separately and is not added to cash or accessible portfolio assets. Negative wrapper balances indicate an unfunded proposal rather than being silently set to zero. This view does not yet apply investment growth, future pension withdrawal tax, ISA opportunity cost, CGT on GIA disposals or full bond chargeable-event tax.
Before & after — tax position
A concise comparison of the client’s income-tax position before and after the proposed planning. Pension funding source is deliberately kept separate from the tax calculation.
Tax Look Through
The detailed adviser view: income, allowance allocation, tax bands and pension-relief effects before and after planning.
Tax-band look through
Shows where taxable income sits through the relevant non-savings, savings and dividend bands. This uses the current prototype tax engine and inherits its stated savings/dividend allocation limitations.
| Computation | Before | After | Movement |
|---|
Annual allowance reconstruction
Current-year allowance is used first. Where an historic input exceeds that year's allowance, the prototype uses the oldest available unused allowance from the preceding three years.
| Year | Std AA | Pension input | Own-year unused | CF used | Status |
|---|
Carry-forward balance available to 2026/27
| Origin year | Remaining unused allowance | Available in 2026/27? |
|---|
Historic taper and MPAA are not yet collected year-by-year in this web prototype, so historic reconstruction uses the standard £40,000 allowance for 2020/21–2022/23 and £60,000 from 2023/24 onward. The spreadsheet engine remains the validation source.
Executive planning summary
Key planning figures
Contribution and funding
| Item | Amount / Position |
|---|
Planning impact
| Planning effect | Amount |
|---|
Portfolio position
| Position | Before | After | Movement |
|---|
Pension tax-relief breakdown
| Relief component | Amount |
|---|
Annual Allowance and carry forward
| Measure | Amount |
|---|
Income tax position — effect of pension contribution
| Measure | Before | After |
|---|
Adviser review points
Important modelling notes
Development prototype v0.11: not for client advice, tax filing or compliance use. The personal pension engine now separates 20% relief at source, further-rate relief and Personal Allowance restoration. 2026/27 Scottish non-savings rates and UK reserved-income rates are built into the prototype. Further-rate pension relief in v0.5.1 is matched to non-savings income bands. Complex cases where savings/dividend band occupancy changes the pension relief outcome, alternative allowance allocation, bond chargeable-event/top-slicing relief, annual-allowance tax charges and company corporation-tax consequences remain outside the validated scope.
2026/27 tax basis: standard Personal Allowance £12,570, tapered above £100,000 ANI; Scottish non-savings rates 19% / 20% / 21% / 42% / 45% / 48%; savings taxed at UK rates; dividend allowance £500 and 2026/27 dividend rates 10.75% / 35.75% / 39.35%. Relief at source is modelled at 20% for eligible personal contributions.