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What’s the maximum I can contribute to my pension?

Your simple guide to pension allowances.

Updated over 2 weeks ago

The maximum amount you can contribute to your pension and qualify for tax relief is your annual income, or £60,000 (whichever is lowest). If you’re a high earner, your allowance will be reduced by £1 for every £2 you earn above £260,000 (to a minimum of £10,000).

If you contribute more than this limit in a tax year, you’ll be required to pay a tax charge on the excess amount, based on your average tax rate.

If you're unsure how much you can contribute without incurring a tax charge, it may be helpful to consult a financial adviser or use the tools available within the Jarvis app to track your contributions.

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