The pensions annual allowance for high-income individuals, 2021–22 Share: Note: The reduction in the allowance for those with high incomes applies only if their income excluding pension contributions exceeds £200,000; otherwise it remains at £40,000. Appears in Taxation of private pensions explained Related content Composition of estates by value, among those reported to HMRC, 2020–21 Taxlab Data Item Distribution of estate values and average effective inheritance tax rate among taxpaying estates worth more than £300,000 and reported to HMRC, 2020–21 Taxlab Data Item Inheritance tax reductions for gifts before death, 2023–24 Taxlab Data Item Specific gift exemptions in inheritance tax Taxlab Data Item