Tapered Annual Allowance
If you have a high income, the tapered annual allowance reduces the amount you can pay into your pension before a tax charge applies. Your annual allowance is reduced by £1 for every £2 of income you get over £260,000 p.a. – to a minimum allowance of £10,000 per year.
Learn more in our guide to annual allowance taperingPopular terms
Lump sum and death benefit allowance
This is a limit on the total tax-free lump sums that can be paid from your pensions both in your...
Lump sum allowance
When you access your pension, you can usually take up to 25% of the value tax-free. The lump sum allowance...
Ready-made pension
A simple, low-cost pension where you choose from four AJ Bell fund options.
Money paid in is automatically invested...