Tax limits

Tax limits

You may be caught by the tax limits that apply to pensions if you:

  • are a high earner
  • have received a promotion
  • have received a large one-off payment that is pensionable
  • are thinking about making large additional voluntary contributions

The key limit is the annual allowance (the amount your pension savings can increase in any one year). The amount of tax-free cash you can take from your pension is also limited.

More information about tax limits

Information video

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