Pensions

	2020/21 £	2019/20 £	2018/19 £
Lifetime allowance	1,073,000	1,055,000	1,030,000
Lifetime allowance charge	(Lump sum) 55%	(Lump sum) 55%	(Lump sum) 55%
	(Pension) 25%	(Pension) 25%	(Pension) 25%
Annual allowance*	40,000	40,000	40,000
Minimum Tapered allowance	4,000	10,000	10,000
Money purchase annual allowance	4,000	4,000	4,000
Annual allowance charge	marginal rate	marginal rate	marginal rate
Maximum relievable personal contribution	100% of relevant earnings	100% of relevant earnings	100% of relevant earnings
	£3,600 if greater	£3,600 if greater	£3,600 if greater
Maximum tax free cash	25% of pension benefit value	25% of pension benefit value	25% of pension benefit value
*Can be reduced when earnings in excess of 'threshold' incomes of £200,000 and 'adjusted' incomes of £240,000.