Guidance

Pension schemes rates and allowances

Find out rates and allowances for pension schemes for the 2024 to 2025 tax year.

From:
HM Revenue & Customs
Published
1 February 2014
Last updated
6 April 2024 — See all updates

Documents

Pension schemes rates

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The attached document is classified by HMRC as guidance and contains information about pension schemes rates for the 2024 to 2025 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

Published 1 February 2014
Last updated 6 April 2024 + show all updates

  1. Added allowance amounts for tax year 2024 to 2025. Removed table for standard lifetime allowance.

  2. Tax year references, lifetime allowance figures and annual allowance year updated for 2023 to 2024.

  3. Tax year references, Lifetime allowance figures and annual allowance year updated for 2022 to 2023.

  4. Tax year references, Lifetime allowance figures and annual allowance year updated for 2021 to 2022.

  5. Information about adjusted income threshold and Minimum reduced (or tapered) annual allowance has been added.

  6. Annual allowance and money purchase annual allowance have been updated for 2020 to 2021.

  7. Standard lifetime allowance and Alternative annual allowance have been updated for 2020 to 2021.

  8. The 2019 to 2020 standard lifetime allowance has been added.

  9. Rates, allowances and duties have been updated for the tax year 2018 to 2019.

  10. Updated to include the rates for tax year 2017 to 2018.

  11. Additional charge added - overseas transfer - to table.

  12. The rates for serious ill-health lump sum charge have been updated.

  13. Updated to tax year 2016 to 2017 rates.

  14. Updated to tax year 2015 to 2016 rates.

  15. First published.

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