Planned maintenance: Please note EAPF Online will be unavailable between 09:00 on 30 October until 17:00 on 31 October 2019 for essential maintenance. We apologise for any inconvenience caused.

Lifetime allowance

The lifetime allowance (LTA) for the 2018/19 tax year is £1,030,000. The LTA is a limit on the amount of pension benefit that can be paid from pension schemes without triggering a tax charge.

Annual allowance 

This annual allowance (AA) is set by the Treasury and is currently £40,000. The AA is the amount by which the value of your pension benefits may increase in any one year without you having to pay an excess tax charge. 

Your personal Annual Allowance may be less than £40,000 if your taxable income exceeds HMRC limits or you have accessed flexible benefits. Please see the ‘High Earner Resource Hub’ if you think you may be affected.
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