Pension schemes rates and allowances
Find out rates and allowances for pension schemes for the 20252026 to 20262027 tax year.
Documents
Details
The attached document is classified by HMRC as guidance and contains information about pension schemes rates for the 20252026 to 20262027 tax year.
You can see pension schemes rates for previous tax years on the National Archives website.
Find our more about tax on your private pension contributions.
Updates to this page
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6 April 2025 Rates, allowances and duties have been updated for the tax year 2025 to 2026.
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6 April 2024 Added allowance amounts for tax year 2024 to 2025. Removed table for standard lifetime allowance.
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6 April 2023 Tax year references, lifetime allowance figures and annual allowance year updated for 2023 to 2024.
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6 April 2022 Tax year references, Lifetime allowance figures and annual allowance year updated for 2022 to 2023.
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6 April 2021 Tax year references, Lifetime allowance figures and annual allowance year updated for 2021 to 2022.
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8 April 2020 Information about adjusted income threshold and Minimum reduced (or tapered) annual allowance has been added.
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7 April 2020 Annual allowance and money purchase annual allowance have been updated for 2020 to 2021.
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6 April 2020 Standard lifetime allowance and Alternative annual allowance have been updated for 2020 to 2021.
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15 April 2019 The 2019 to 2020 standard lifetime allowance has been added.
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6 April 2018 Rates, allowances and duties have been updated for the tax year 2018 to 2019.
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6 April 2017 Updated to include the rates for tax year 2017 to 2018.
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8 March 2017 Additional charge added - overseas transfer - to table.
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28 September 2016 The rates for serious ill-health lump sum charge have been updated.
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6 April 2016 Updated to tax year 2016 to 2017 rates.
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6 April 2015 Updated to tax year 2015 to 2016 rates.
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1 February 2014 First published.
Update history
2026-04-06 00:15
Rates and allowances have been updated for the tax year 2026 to 2027.
2025-04-06 00:30
Rates, allowances and duties have been updated for the tax year 2025 to 2026.
2024-04-06 00:15
Added allowance amounts for tax year 2024 to 2025. Removed table for standard lifetime allowance.
2023-04-06 00:15
Tax year references, lifetime allowance figures and annual allowance year updated for 2023 to 2024.
2022-04-06 00:15
Tax year references, Lifetime allowance figures and annual allowance year updated for 2022 to 2023.