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Annual allowance

The annual allowance (AA) is the maximum annual value of new pension savings (contributions and benefit accrual) on which an individual can benefit from tax relief.

Find out how much your client can contribute and the tax implications here.

Tax year AA Tax year AA
2006/2007 215,000 2012/2013 50,000
2007/2008 225,000 2013/2014 50,000
2008/2009 235,000 2014/2015 40,000
2009/2010 245,000 2015/2016 40,000
2010/2011255,0002016/201740,000
2011/2012 50,000

If your client's income (including the value of any pension contributions) is over 150,000, their annual allowance may be reduced. Please refer to the Tapered Annual Allowance factsheet for further details.

Disclaimer

This information is intended for investment professionals and should not be relied upon by private customers or any other persons.