HomeBlogHow it worksCalculatorResourcesLog inGet Started
Login
Sign up

Investment wrappers

Individual Savings Account (ISA)
General Investment Accounts (GIA)
Pension
Rainy-day pot

Investments

Bonds & fixed income
Dividend
Fund
Stocks
Interest

Key pension facts

Auto-enrolment
Contribution
Drawing benefits
Triple lock
State Pension

Pension transfers

Things to check before you transfer a pension
Transferring a pension to Raindrop

Recent pension developments

Collective Defined Contribution

Regulation

Financial Conduct Authority
IR35
Prudential Regulation Authority (PRA)
The Pension Regulator (TPR)
Department for Work and Pensions (DWP)

Tax

Annual allowance
Capital gains tax
Corporation tax
Income tax
Inheritance tax

Types of pensions

Contract-based pension
Defined Benefit (DB)
Defined Contribution (DC)
Net-pay schemes
Personal pension

Withdrawing from a pension

Annuity
Crystallised pension
Drawing benefits
Flexi-access drawdown (FAD)
Money Purchase Annual Allowance (MPAA)

Threshold and adjusted income

Tax

Threshold and adjusted income are terms relevant for the tapered annual allowance.

In order for the tapered annual allowance to kick in (whereby annual allowance is reduced by £1 for every £2 above the threshold down to a minimum of £4,000), both threshold and adjusted income need to be above £200,000 and £240,000, respectively, as of 2020/21. Threshold income is generally just your regular earnings whereas adjusted income includes your pension contributions for the year.

See also our Tax Benefits of a Pension blog post.

‍

Didn't answer your question?
Speak to our team
Main
HomeAppContact usPrivacy policyPolicies
Resources
BlogGlossaryVideosPension calculator
Community
FacebookLinkedIn

Raindrop ® is a trading name of Raindrop Technologies Holdings Ltd (FRN: 931052) an Appointed Representative of Resolution Compliance Ltd, which is authorised and regulated by the Financial Conduct Authority (FRN: 574048). Raindrop Technologies Holdings Ltd is registered in England and Wales. Number: 12431555. Registered office: Runway East London Bridge, 20 St Thomas Street, London SE1 9RS, UK.