If you’re looking to boost long-term investments….

Here’s a question for you – who actually thinks about their unused pension allowances? The answer is very few people, despite the fact that the opportunities here can be significant. And one of the most overlooked planning tools is ‘Carry Forward’ (no, not the rugby kind). But what is Carry Forward and how does it work?

If you have sufficient taxable earnings, you can contribute up to £60,000 into your pension each tax year. But you can also contribute any unused annual allowance from the previous three tax years. That means you could potentially invest up to £240,000 into your pension in one go and receive tax relief at your highest marginal rate, up to 45%.

For anyone looking to boost long‑term investments in a tax‑efficient way, Carry Forward is one of the most powerful tools available. It’s often missed, rarely discussed, and can make a meaningful difference to your retirement planning. If you haven’t reviewed your unused allowances, it’s well worth doing so.