The following Personal Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
•second, the lifetime allowance limits the total tax-relieved value that can be accumulated into registered pension schemes. Its operation and the lifetime allowance charges that can arise are discussed in the Lifetime allowance guidance note
b)that can be contributed to pension arrangements in a pension input period (for defined contribution or money purchase schemes)
The total of these figures is the pension input amount (see below).
FA 2004, s 227
The annual allowance covers all contributions whether made by the member or any other person, for example, the member’s employer.
For the purposes of the annual allowance, the pension input amount is measured over the pension input period (see below).
From 2016/17 onwards, the annual allowance is tapered for high income individuals.
Amount of the annual allowance
The definition here is different FA 2004 ss
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