Hello and welcome to the site. Thank you for your question.
The rules for carry forward of unused annual allowance from the previous 3 years to the current year are as follows:
The allowance for tax years 2011/12, 2012/13 and 2013/14 was £50,000. You must have been a member of a UK pension scheme in those earlier years to be able to use carry forward. If during those previous 3 years you have not paid in more than £50,000 then you may have unused allowance that you can use in the current and future years.
Steps you have to take
- You must pay in at least £40,000 in 2014/15
- go back to 2011/12 tax year and chack what was paid.. if less than £50,000 you have an unused allowance you can carry forward and use in tax year 2014/15.
- repeat this for 2012/13
- repeat this for 2013/14.
Overriding factor ..you can't pay in more than 100% of your earnings in the current tax year.
More information on carry forward rules can be found on page 5 here
I hope this is helpful and answers your question.
If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.