Resource Centre

Tax Tables

Pensions

New state pension	2026/27	2025/26	2024/25
Full rate	£241.30	£230.25	£221.20
Transitional rate below full rate	4.7991%	4.0913%	8.5112%
Protected payment	3.80%	1.70%	6.70%

Old state pension	2026/27	2025/26	2024/25
Category A or B basic pension	£184.90	£176.45	£169.50
Category B (lower) basic pension - spouse or civil partner's insurance	£110.75	£105.70	£101.55
Category C or D - non-contributory	£110.75	£105.70	£101.55
Additional pension	3.80%	1.70%	6.70%
Maximum additional pension (own + inherited)	£230.54	£222.10	£218.39

Pensions tax relief	2026/27	2025/26	2024/25
Member contribution allowance (higher of 100% UK taxable earnings or)	£3,600	£3,600	£3,600
Lump sum allowance	£268,275	£268,275	£268,275
Lump sum and death benefit allowance	£1,073,100	£1,073,100	£1,073,100
Overseas transfer allowance	£1,073,100	£1,073,100	£1,073,100
Annual allowance limit	£60,000	£60,000	£60,000
Money purchase annual allowance	£10,000	£10,000	£10,000
Tapered annual allowance	£260,000	£260,000	£260,000