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Tax Tables
Pensions
New state pension |
2026/27 |
2025/26 |
2024/25 |
| Full rate | £241.30 | £230.25 | £221.20 |
| Transitional rate below full rate | 4.7991% | 4.0913% | 8.5112% |
| Protected payment | 3.80% | 1.70% | 6.70% |
Old state pension |
2026/27 |
2025/26 |
2024/25 |
| Category A or B basic pension | £184.90 | £176.45 | £169.50 |
| Category B (lower) basic pension - spouse or civil partner's insurance | £110.75 | £105.70 | £101.55 |
| Category C or D - non-contributory | £110.75 | £105.70 | £101.55 |
| Additional pension | 3.80% | 1.70% | 6.70% |
| Maximum additional pension (own + inherited) | £230.54 | £222.10 | £218.39 |
Pensions tax relief |
2026/27 |
2025/26 |
2024/25 |
| Member contribution allowance (higher of 100% UK taxable earnings or) | £3,600 | £3,600 | £3,600 |
| Lump sum allowance | £268,275 | £268,275 | £268,275 |
| Lump sum and death benefit allowance | £1,073,100 | £1,073,100 | £1,073,100 |
| Overseas transfer allowance | £1,073,100 | £1,073,100 | £1,073,100 |
| Annual allowance limit | £60,000 | £60,000 | £60,000 |
| Money purchase annual allowance | £10,000 | £10,000 | £10,000 |
| Tapered annual allowance | £260,000 | £260,000 | £260,000 |
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