Tapered Annual Pension Allowance

For individuals with an income of more than £150,000 have a restriction on their allowable allowance for pension contributions at £1 reduction for every £2 of income over £150,000. This means that high net-worth individuals contributing to a pension are more likely to be taxed on this, and as such it is important to plan ahead. We have prepared a short guide here to provide some guidance, and if you have any queries please do not hesitate to contact us.

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