The tapered annual allowance was first implemented in 2016-17 to restrict the cost of pension tax relief given to high earners. It originally affected those that had both threshold income over £ ...

The PIA calculation for annual allowance purposes is not the only area in which other money purchase arrangements are treated unfavourably under pension tax legislation compared with DB schemes.

Pensions experts have criticised a rumoured government policy to raise the tapered annual allowance threshold income, calling it a sticking plaster that will not solve the underlying problem.

On the go: Chancellor of the exchequer Rishi Sunak will use his first Budget next Wednesday to raise the tapered annual allowance threshold income to £150,000 from the current £110,000, according to ...

Your annual allowance - which is £60,000 in 2023-24 - is the total amount you can save each year into a pension. Which? explains how the annual allowance works.

Despite changes to tweak the Tapered Annual Allowance in recent years, it is just far too complicated and should simply be abolished, leaving only an Annual Allowance limit.

The annual allowance starts being tapered down for people with an adjusted income level - which includes pension contributions - of £260,000.

The money purchase annual allowance, a reduction to the annual allowance for individuals who have flexibly accessed their money purchase pension savings, has risen from £4,000 to £10,000.

From annual allowance increases to the future abolishment of the lifetime allowance, getting to grips with the new changes now will be key in preparing finances for the new tax year.

The lifetime allowance is one of two which set how much you can pay into your pension before getting penalised with tax. The other is the annual allowance and caps the amount you can save in your ...

HMRC published its annual update to personal and stakeholder pensions statistics at the end of last week. The document included an update on the impact of the lifetime and annual allowance tax ...