WTW developed our AA IncomeCalc app to help individuals work out their Annual Allowance each tax year. The Tapered Annual Allowance rules are complex and it is down to the individual to work out and track their own position.
The interactive AA IncomeCalc app is available for FREE on iPhones, iPads and AndroidTM smartphones. The application has a number of key features including:
Helps individuals to navigate this complex topic in an easy and logical way via step-by-step calculations.
Enables individuals to better understand the impact of the AA on their pension savings.
Provides further information on the AA rules.
Ensures personal information is not transmitted online and never leaves an individual's phone.
Allows individuals to estimate their position for future years.