Tax rates & allowances
|Lifetime allowance (LA)||£1,055,000||£1,030,000|
|Annual allowance (AA)*||40,000||40,000|
Annual relievable pension inputs are the higher of earnings (capped at AA) or £3,600.
*Usually tapered (down to a minimum of £10,000) when adjusted income exceeds £150,000.
|State pension (per week)||2019/20||2018/19|
|Old state pension - Single person||£129.20||£125.95|
|Old state pension - Married couple||206.65||201.45|
|New state pension†||168.60||164.35|
†applies to those reaching state retirement age after 5 April 2016.