Changes to the tapered annual allowance

Pedro Gonçalves
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Changes to the tapered annual allowance

Chancellor Rishi Sunak has made significant changes to the pensions annual allowance, including an increase to the annual allowance taper, in a bid to support high-earners working in the NHS.  Sunak, who delivered his first Budget, revealed that the two tapered annual allowance thresholds will each be raised by £90,000. This means that from 2020-21 the "threshold income" will be £200,000, so individuals with income below this level will not be affected by the tapered annual allowance, and ...

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