Key pension facts

Tapered annual allowance


Since 2020, if your ‘threshold income’ is above £200,000 and your ‘adjusted income’ is above £240,000, your pension annual allowance could potentially have reduced. Specifically, for every £2 you earned above £240,000, you were losing £1 of your annual allowance to a minimum of £4,000. 

The 2023 Spring Budget increased the adjusted income level required for the tapered annual allowance from £240,000 to £260,000, from 6th April 2023. The minimum amount of tapered allowance also increased from £4,000 to £10,000. 

See also our tax benefits of a pension blog post.

We’ll never leave you high and dry

Our customer support team is rated "Excellent" and is always on hand to help you. There are 3 ways you can contact us:
tick red icon

Log in to our website and chat to us

tick red icon

Email us on

tick red icon

Call us on 02039517253

Close Cookie Preference Manager
Cookie Settings
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage and assist in our marketing efforts.
Strictly Necessary (Always Active)
Cookies required to enable basic website functionality.
Made by Flinch 77
Oops! Something went wrong while submitting the form.