Pension and ISA allowances
Pension Allowances
| Tax Year | Standard Annual Allowance | Money Purchase Annual Allowance | Tapered Annual Allowance | Tax-Free Cash |
|---|---|---|---|---|
2024/2025 |
£60,000 | £10,000 | Tapered annual allowance applies to those with ‘adjusted income’ of more than £260,000 and ‘threshold income’ of more than £200,000 | £268,275 |
| 2023/2024 | £60,000 | £10,000 | Tapered annual allowance applies to those with ‘adjusted income’ of more than £260,000 and ‘threshold income’ of more than £200,000 | £268,275 |
Glossary
ISA Allowances
| Tax year | ISA Allowance | Junior ISA Allowance | Lifetime ISA Allowance |
|---|---|---|---|
2024/2025 |
£20,000 | £9,000 | £4,000 |
| 2023/2024 | £20,000 | £9,000 | £4,000 |
Glossary
Capital Gains Tax
| Tax Year | Individual Capital Gains Tax Allowance |
|---|---|
2024/2025 |
£3,000 |
| 2023/2024 | £6,000 |