| Registered Pensions | 2019/20 | 2018/19 |
|---|---|---|
| Lifetime allowance (LA) | £1,055,000 | £1,030,000 |
| Annual allowance (AA)* | 40,000 | 40,000 |
Annual relievable pension inputs are the higher of earnings (capped at AA) or £3,600.
*Usually tapered (down to a minimum of £10,000) when adjusted income exceeds £150,000.
| State pension (per week) | 2019/20 | 2018/19 |
|---|---|---|
| Old state pension – Single person | £129.20 | £125.95 |
| Old state pension – Married couple | 206.65 | 201.45 |
| New state pension† | 168.60 | 164.35 |
†applies to those reaching state retirement age after 5 April 2016.