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Pensions
Pensions
Annual allowance |
2022/23 |
2021/22 |
2020/21 |
Member contribution allowance |
£3,600 |
£3,600 |
£3,600 |
Maximim allowance |
£40,000 |
£40,000 |
£40,000 |
Threshold income limit |
£200,000 |
£200,000 |
£200,000 |
Adjusted income limit |
£240,000 |
£240,000 |
£240,000 |
Minimum Tapered allowance |
£4,000 |
£4,000 |
£4,000 |
Other allowance |
2022/23 |
2021/22 |
2020/21 |
Standard lifetime allowance |
£1,073,100 | £1,073,100 | £1,073,100 |
Money purchase annual allowance |
£4,000 | £4,000 | £4,000 |
Lump sum on retirement tax-free allowance |
25% | 25% | 25% |
Tax charges on payments above the allowance |
2022/23 |
2021/22 |
2020/21 |
Lifetime allowance - if the amount over the allowance is paid as a lump sum |
55% |
55% | 55% |
Lifetime allowance - if the amount over the allowance is not paid as a lump sum |
25% |
25% |
25% |
Annual allowance |
Marginal rate | Marginal rate | Marginal rate |