If your income for the current tax year (2023/24) is likely to be greater than £200,000 then the amount you can pay into your pension and receive tax relief on (your annual allowance) in this tax year may be reduced.

The steps taken for those impacted can be complex depending on a range of factors including income sources and the type of pension contributions currently or potentially being made.

To help, I have put together a high-level overview of the approach which should provide some guidance.

To access this, please follow the link here. 

If you are impacted by this, or any other financial matters are causing you concern or uncertainty, then please contact us and one of our highly qualified Financial Planners will be more than happy to assist.

Note: This information is not a personal recommendation for any particular product, service or course of action. Pension and retirement planning can be complex.