2 articles tagged with Pension Annual Allowance.
The pension Annual Allowance is GBP 60,000 for 2026/27, restored from the previous GBP 40,000 limit in April 2023. High earners may face a tapered allowance, and those who have accessed pensions flexibly face a GBP 10,000 Money Purchase Annual Allowance. This guide explains who is affected and how the limits work.
The Money Purchase Annual Allowance slashes how much you can pay into a pension from GBP 60,000 to just GBP 10,000 once you flexibly access taxable income. Here is what triggers it and how to avoid the trap in 2026/27.