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 the annual allowance will only begin to taper down for individuals who also have an "adjusted income...