Pension annual allowance: every value since 2011
The most that can be paid into a person's pensions each tax year with tax relief before a tax charge applies. It can be lower for people with high incomes (the tapered annual allowance).
HM Revenue and Customs gives 27 values for this rate, from £50,000 in 2011 to 2012 to £200,000 in 2026 to 2027. Of the 26 year-to-year steps, it stayed the same in 2, went up in 12 and went down in 12. The largest rise from one value to the next was +400.0%, in 2020 to 2021 (from £40,000 to £200,000). The largest fall was -100.0%, in 2015 to 2016, from £40,000 to £0. Across the whole series the cash value changed by +300.0%. The value in 2025 to 2026 was +233.3% on the one before; ONS CPI inflation for calendar year 2025 was 3.4%. Ten years before the latest value, in 2016 to 2017, it was £40,000.
Annual allowance
| Tax year | Annual allowance (a year) | Change on previous value | CPI inflation that calendar year (ONS, D7G7) |
|---|---|---|---|
| 2026 to 2027 | £200,000 | +233.3% | not yet published |
| 2026 to 2027 | £60,000 | -70.0% | not yet published |
| 2025 to 2026 | £200,000 | +233.3% | 3.4% |
| 2025 to 2026 | £60,000 | -70.0% | 3.4% |
| 2024 to 2025 | £200,000 | +233.3% | 2.5% |
| 2024 to 2025 | £60,000 | -70.0% | 2.5% |
| 2023 to 2024 | £200,000 | +233.3% | 7.3% |
| 2023 to 2024 | £60,000 | -70.0% | 7.3% |
| 2022 to 2023 | £200,000 | +400.0% | 9.1% |
| 2022 to 2023 | £40,000 | -80.0% | 9.1% |
| 2021 to 2022 | £200,000 | +400.0% | 2.6% |
| 2021 to 2022 | £40,000 | -80.0% | 2.6% |
| 2020 to 2021 | £200,000 | +400.0% | 0.9% |
| 2020 to 2021 | £40,000 | -63.6% | 0.9% |
| 2019 to 2020 | £110,000 | +175.0% | 1.8% |
| 2019 to 2020 | £40,000 | -63.6% | 1.8% |
| 2018 to 2019 | £110,000 | +175.0% | 2.5% |
| 2018 to 2019 | £40,000 | -63.6% | 2.5% |
| 2017 to 2018 | £110,000 | +175.0% | 2.7% |
| 2017 to 2018 | £40,000 | -63.6% | 2.7% |
| 2016 to 2017 | £110,000 | +175.0% | 0.7% |
| 2016 to 2017 | £40,000 | 0.7% | |
| 2015 to 2016 | £0 HMRC's table gives 6 April 2015 to 8 July 2015 — £80,000 9 July 2015 to 5 April 2016 — £0 | -100.0% | 0.0% |
| 2014 to 2015 | £40,000 | -20.0% | 1.5% |
| 2013 to 2014 | £50,000 | – | 2.6% |
| 2012 to 2013 | £50,000 | – | 2.8% |
| 2011 to 2012 | £50,000 | 4.5% |
Source: HMRC pension rates.
CPI: ONS series D7G7, for the calendar year the period starts in. About these tables · CSV
Related pages
Sources and receipts
- Pension schemes rates and allowances, HM Revenue and Customs.
Read 2026-10-15. SHA-256
7a60a053f59ecfa10ced0de7afec46b4083bcd98ed9d1e0a6387eadc14c013ce - Consumer price inflation time series (MM23), Office for National Statistics.
File: mm23.csv. Read 2026-10-15. SHA-256
1b78749ea634755b83064d88f4fc6f7dd177e0c41d8b573c9d8172b8d3fff641