Reductions To The Annual Pension Allowance

The annual pensions allowance is set to change on 6 April 2016 if your “threshold” income exceeds £110,000 and your “adjusted” income exceeds £150,000. For most people the annual allowance is £40,000, but should your income exceed the above limits the allowance (which includes employer’s and employee’s contributions) will be reduced by £1 for every … Continue reading Reductions To The Annual Pension Allowance