Tax to pay if you exceed the annual pensions allowance

By P&A Knowledge Team · 18 October 2018 · Posted in Pension

The annual allowance for tax relief on pensions has been fixed at the current level of £40,000 since 6 April 2014. The previous allowance was £50,000 and prior to 6 April 2011, the annual allowance was as high as £255,000. The annual allowance is CONTINUE READING