The Tapered Annual Allowance explained

Most people can contribute 100% of their earnings into a pension, up to £40,000 a year. But that’s not the case for high earners.

Thanks to something called The Tapered Annual Allowance, which was introduced in 2016.

In this video I explain who is affected by the Tapered Annual Allowance and how it impacts the amount you can contribute into your pension.

For the latest exact figures, visit the government website link below:

https://www.gov.uk/government/publica...

For more videos about the Pension Annual Allowance, check out:

Understanding the Pension Annual Allowance -    • The Pension Annual Allowance explaine...  
The MPAA (Money Purchase Annual Allowance) explained -    • The MPAA (Money Purchase Annual Allow...  

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This video is for information and entertainment only. Nothing on this channel constitutes financial advice. Please do not make any decisions based on the contents of my videos; seek professional independent financial advice first!