Pension Limit Contribution

Good Afternoon,

I am a bit confused with the carried forward allowances and pension limits. In the Finance Act 2014 it states that “Although tax relief is available on pension contributions up to the amount of earnings for a particular tax year, the annual allowance acts as an effective annual limit. Where tax relieved contributions are paid in excess of the annual allowance (including any brought forward unused allowances), then there will be an annual allowance charge. This charge is subject to income tax at a person’s marginal rates”

So if somebody has made a contribution of £70,000 in 2014, and has an unused allowance of £30,000 from the previous year, does this mean the individual will still have the £20,000 in excess of the limit added to their Income for Income tax computation?

Many thanks!