PENSION ALLOWANCES
Tax Year: | 2023/2024 | 2022/2023 |
---|---|---|
Standard Annual Allowance: | £60,000 | £40,000 |
Money Purchase Annual Allowance: | £10,000 | £4,000 |
Tapered Annual Allowance: | Tapered annual allowance applies to those with ‘adjusted income’ of more than £260,000 and ‘threshold income’ of more than £200,000. | Tapered annual allowance applies to those with ‘adjusted income’ of more than £240,000 and ‘threshold income’ of more than £200,000 |
Tax-Free Cash: | £268,275
|
£268,275
|