Tax returns and managing pensions accounts

2024/25 Pension Summary report

We have run the Pension Summary report, for all your clients, to show the pension income received and gross contributions for the 2024/25 tax year. This information may be useful for tax returns and managing pension accounts such as calculating carry forward.

The report can be accessed by logging into the platform and selecting ‘Firm’ from the left-hand menu, then ‘Reporting Services’. The report is listed under ‘Pension Summary’ and dated 5 April 2025. Transactions made on 5 April 2025 may not be included. Please contact us if you need details of these.

Annual Distribution Summary (ADS) report

The ADS provides the information from all your clients’ tax returns in one document. You can easily filter out a particular client and it shows essentially the same information contained in the Annual Tax Voucher. To access the report please log into the platform and select 'Reporting Services' under 'Firm' on the blue left-hand toolbar.

The annual allowance charge – Scheme Pays

Scheme Pays can be a complicated area. In this guide, Paul Squirrell, our pension expert, provides further details on calculating a client’s annual allowance charge, including two case studies.