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
|