If you've flexibly accessed your benefits, the Money Purchase Annual Allowance (MPAA) is the amount that can be paid in one year to your money purchase arrangements without a tax charge applying. For the current tax year, the MPAA will be £10,000.

If the MPAA provisions apply to you, and during the year more than £10,000 has been paid to your money purchase arrangements across all of your registered pension schemes, a tax charge:

• will apply on the money purchase contributions above £10,000, and
• may apply on the value of any savings made to defined benefit arrangements that are higher than £50,000 plus any carry forward you have available. 

In the first tax year in which you flexibly access your pension pot, MPAA is triggered but it only applies to contributions you make into your pension pot after the date MPAA has been triggered. Please speak to a financial adviser for more information. There may be a charge for this.