Tapered Annual Allowance

If you have a high income, the tapered annual allowance reduces the amount you can pay into your pension before a tax charge applies. Your annual allowance is reduced by £1 for every £2 of income you get over £260,000 p.a. – to a minimum allowance of £10,000 per year.

Learn more in our guide to annual allowance tapering

Popular terms

Ready-made pension

A simple, low-cost pension where you choose from four AJ Bell fund options.

Money paid in is automatically invested...

Pension builder

The Pension builder fund is AJ Bell’s low-cost standard option, designed to help you invest the money you’ve paid into...

Non-workplace pension

A type of pension that you set up yourself. You control how much you pay in (and when) as well...