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Pensions annual allowance

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HMRC has published a brief guide to calculating the tapered pensions annual allowance applying from 2016/17 onwards to individuals with ‘adjusted income’ (inclusive of pension contributions) of over £150,000.

HMRC has published a brief guide to calculating the tapered pensions annual allowance applying from 2016/17 onwards to individuals with ‘adjusted income’ (inclusive of pension contributions) of over £150,000. The taper will not apply to those with a ‘threshold income’ (excluding pension contributions) for the year of £110,000 or less. See here.

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