UK Pension Annual Allowance Calculator

Annual Allowance rules sourced from HMRC under the Finance Act 2004 as amended by the Finance Act 2023 and Finance Act 2024. The standard Annual Allowance for 2025/26 is £60,000 (personal + employer contributions across all schemes, subject to 100% of UK earnings).
The Tapered Annual Allowance reduces the allowance by £1 for every £2 of adjusted income above £260,000 — to a minimum of £10,000 (at £360,000+ adjusted income). Applies only when threshold income also exceeds £200,000. The Money Purchase Annual Allowance (MPAA) of £10,000 applies once you have flexibly accessed a defined contribution pension.
Carry Forward allows unused allowances from the previous three tax years to be added to the current year's allowance (2022/23 AA was £40,000; 2023/24 and 2024/25 AAs were £60,000 each — max carry forward £160,000). You must have been a member of a registered pension scheme in each carry-forward year. Carry forward cannot be used to increase the MPAA.
Any excess above the Annual Allowance is taxed as income at your marginal rate and must be declared via Self Assessment. If the charge exceeds £2,000 and contributions were made to a single scheme, you may elect Scheme Pays — the scheme settles the charge and reduces your benefits accordingly.
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For informational purposes only. Always verify with the latest HMRC guidance or a qualified financial adviser.