Tax Rates 2023/24 |
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Introduction |
Pensions |
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| Income Tax Pensions Annual investment limits National Insurance Contributions Vehicle Benefits Tax-free mileage allowances Capital Gains Tax Corporation Tax Main capital allowances Property Taxes Value Added Tax Inheritance Tax Key dates and deadlines Useful rates |
Annual relievable pension inputs are the higher of earnings (capped at AA) or £3,600. *Usually tapered down, to a minimum of £10,000 (2022/23: £4,000), when adjusted income exceeds £260,000 (2022/23: £240,000). In 2023/24 there is no LTA charge on excess pensions savings. The maximum tax-free pension lump sum is £268,275 (25% of LTA), unless a higher amount is “protected”.
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