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Tax Tables
Pensions
Annual allowance |
2025/26 |
2024/25 |
2023/24 |
|
| Member contribution allowance (higher of 100% UK taxable earnings or) | £3,600 | £3,600 | £3,600 | |
| Maximum allowance | £60,000 | £60,000 | £40,000 | |
| Threshold income limit | £200,000 | £200,000 | £200,000 | |
| Adjusted income limit | £260,000 | £260,000 | £260,000 | |
| Minimum tapered allowance | £10,000 | £10,000 | £10,000 | |
Other allowances |
2025/26 |
2024/25 |
2023/24 |
|
| Standard lifetime allowance | Unlimited | Unlimited | £1,073,100 | |
| Money purchase annual allowance | £10,000 | £10,000 | £10,000 | |
| Lump sum on retirement tax-free allowance | 25% | 25% | 25% | |
Tax charges on payments above the allowance |
2025/26 |
2024/25 |
2023/24 |
|
| Lifetime allowance - if the amount over the allowance is paid as a lump sum | N/A | N/A | Marginal rate | |
| Lifetime allowance - if the amount over the allowance is not paid as a lump sum | N/A | N/A | Marginal rate | |
| Annual allowance | Marginal rate | Marginal rate | Marginal rate | |
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