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Insider: September 2019

TREASURY TO REVIEW TAPERED ANNUAL ALLOWANCE AS DISPUTE RUMBLES ON

The Treasury has announced it will review the tapered annual allowance for pensions, following calls to abolish it.

The amount of pension contributions that can be made tax-free in 2019/20 stands at £40,000 in most cases, but this is restricted for higher earners by the tapered annual allowance.

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