Pension lifetime allowance: every value since 2011
The limit on the total value of pension savings a person could build up with tax relief before a charge applied. HMRC's page says it was abolished from 6 April 2024.
HM Revenue and Customs gives 13 values for this rate, from £1,800,000 in 2011 to 2012 to £1,073,100 in 2023 to 2024. Of the 12 year-to-year steps, it stayed the same in 6, went up in 3 and went down in 3. The largest rise from one value to the next was +3.0%, in 2018 to 2019 (from £1,000,000 to £1,030,000). The largest fall was -20.0%, in 2016 to 2017, from £1,250,000 to £1,000,000. Across the whole series the cash value changed by -40.4%. The value in 2023 to 2024 was the same as the one before; ONS CPI inflation for calendar year 2023 was 7.3%. Ten years before the latest value, in 2013 to 2014, it was £1,500,000.
Standard lifetime allowance
| Tax year | Standard lifetime allowance | Change on previous value | CPI inflation that calendar year (ONS, D7G7) |
|---|---|---|---|
| 2023 to 2024 | £1,073,100 | – | 7.3% |
| 2022 to 2023 | £1,073,100 | – | 9.1% |
| 2021 to 2022 | £1,073,100 | – | 2.6% |
| 2020 to 2021 | £1,073,100 | +1.7% | 0.9% |
| 2019 to 2020 | £1,055,000 | +2.4% | 1.8% |
| 2018 to 2019 | £1,030,000 | +3.0% | 2.5% |
| 2017 to 2018 | £1,000,000 | – | 2.7% |
| 2016 to 2017 | £1,000,000 | -20.0% | 0.7% |
| 2015 to 2016 | £1,250,000 | – | 0.0% |
| 2014 to 2015 | £1,250,000 | -16.7% | 1.5% |
| 2013 to 2014 | £1,500,000 | – | 2.6% |
| 2012 to 2013 | £1,500,000 | -16.7% | 2.8% |
| 2011 to 2012 | £1,800,000 | 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