UK pension & tax rates 2026/27
HMRC-verified 2026-07-13 · updates automatically each tax year
Pension annual allowance
- Standard annual allowance
- £60,000
- Taper — threshold income gate
- £200,000
- Taper — adjusted income gate
- £260,000
- Taper — reduction
- £1 for every £2
- Tapered allowance floor
- £10,000
- Money purchase annual allowance (MPAA)
- £10,000
- Relief without earnings — basic amount
- £3,600
- DB revaluation — prior-September CPI
- 3.8%
Lump sum allowances
- Lump Sum Allowance (LSA)
- £268,275
- Lump Sum & Death Benefit Allowance (LSDBA)
- £1,073,100
- LSA / LSDBA — Fixed Protection 2012
- £450,000 / £1,800,000
- LSA / LSDBA — Fixed Protection 2014
- £375,000 / £1,500,000
- LSA / LSDBA — Fixed Protection 2016
- £312,500 / £1,250,000
Income tax — England, Wales & Northern Ireland
- Personal allowance
- £12,570
- Personal allowance — withdrawn from
- £100,000
- Basic rate — 20%
- first £37,700
- Higher rate — 40%
- £37,700 to £125,140
- Additional rate — 45%
- over £125,140
Savings & dividends
- Personal savings allowance (basic / higher / additional)
- £1,000 / £500 / £0
- Starting rate for savings
- 0% on up to £5,000
- Dividend allowance
- £500
- Dividend rates (ordinary / upper / additional)
- 10.75% / 35.75% / 39.35%