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Money purchase annual allowance
The money purchase annual allowance (MPAA) is a further restriction on the personal and employer contributions made to money purchase pensions that can beneft from tax relief. The limit for 2016/2017 is £10,000.
It is triggered as soon as the investor withdraws income for their plan using one of the new withdrawal solutions, such as uncrystallised fund pension lump sum (UFPLS) or a flexi-access drawdown (FAD).