AA Pension Scheme
Scheme information

Current rates

Income tax rates 2022 / 2023
Band Taxable income Tax rate
Personal Allowance Up to £12,570 0%
Basic rate £12,571 to £50,270 20%
Higher rate £50,271 to £150,000 40%
Additional rate over £150,000 45%
Basic State Pension 2022 / 2023
New State Pension £185.15 p.w.
Old State Pension £141.85 p.w.
Limits to tax efficient pension savings 2022 / 2023
Annual Allowance £40,000
Tapered Annual Allowance applies to those with taxable income in excess of: £200,000
Money Purchase Annual Allowance £4,000
Lifetime Allowance £1,073,100
Scheme Specific Earnings Cap
£181,800