Guidance

Pension Tax Allowance Explainer

This document is a policy explainer on the Pension Tax Allowance, which was announced at Budget 2026.

• From: HM Treasury
• Published: 28 October 2026

Documents

Pension Tax Allowance Explainer

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Details

This guidance document sets out further detail on the Pension Tax Allowance, announced at Budget 2026. It includes information on the objective of the allowance, how it will apply, information on who is eligible for the Pension Tax Allowance alongside examples of its application and other frequently asked questions.