| Annual allowance | 2025/26 | 2024/25 | 2023/24 |
|---|---|---|---|
| Member contribution allowance (higher of 100% UK taxable earnings or) | £3,600 | £3,600 | £3,600 |
| Maximum allowance | £60,000 | £60,000 | £40,000 |
| Threshold income limit | £200,000 | £200,000 | £200,000 |
| Adjusted income limit | £260,000 | £260,000 | £260,000 |
| Minimum tapered allowance | £10,000 | £10,000 | £10,000 |
| Other allowances | 2025/26 | 2024/25 | 2023/24 |
|---|---|---|---|
| Standard lifetime allowance | Unlimited | Unlimited | £1,073,100 |
| Money purchase annual allowance | £10,000 | £10,000 | £10,000 |
| Lump sum on retirement tax-free allowance | 25% | 25% | 25% |
| Tax charges on payments above the allowance | 2025/26 | 2024/25 | 2023/24 |
|---|---|---|---|
| Lifetime allowance - if the amount over the allowance is paid as a lump sum | N/A | N/A | Marginal rate |
| Lifetime allowance - if the amount over the allowance is not paid as a lump sum | N/A | N/A | Marginal rate |
| Annual allowance | Marginal rate | Marginal rate | Marginal rate |