Tax Rates 2018/19
Spring Statement

Pensions

Registered Pensions

  2018/19 2017/18
Lifetime allowance (LA) £1,030,000 £1,000,000
Annual allowance (AA) 40,000 40,000

Annual relievable pension inputs are the higher of earnings (capped at AA) or £3,600.

State pension (per week)

  2018/19 2017/18
Old state pension – Single person £125.95 £122.30
Old state pension – Married couple 201.45 195.60
New state pension† 164.35 159.55

†applies to those reaching state retirement age after 5 April 2016.