Pension annual allowance calculator
The pension annual allowance is £60,000 this tax year, falling by £1 for every £2 of adjusted income above £260,000 (when threshold income is over £200,000) to a minimum of £10,000. You can add unused allowance from the previous three tax years, but not after flexibly accessing a pension, when the money purchase annual allowance of £10,000 applies.
Last reviewed 6 October 2026 · rules version rules@2026-10-06#25 · HMRC, HMRC, HMRC
Work out this year's pension annual allowance, including the taper, the money purchase allowance and carry forward.
Questions
- What happens if I go over the annual allowance?
- The excess is taxed at your marginal rate as an annual allowance charge, reported through Self Assessment.