United Kingdom Tax Agency Updates Guidance on Pension Regime Rates, Allowances for 2026-2027

The United Kingdom HM Revenue and Customs April 6 updated a guidance on the pension regime rates and allowances for tax year 2026-2027. The guidance includes the unchanged: 1) 268,275 British pound (US$355,448) standard individual lump sum allowance, and approximately 1.1 million pound (US$1.5 million) death benefit allowance; 2) 60,000 pound (US$79,497) annual allowance; 3) 200,000 pound (US$264,988) threshold income limit, and 260,000 pound (US$344,485) adjusted income limit; 4) 10,000 pound (US$13,249) minimum reduced annual allowance, and 10,000 pound money purchase annual allowance; 5) 50,000 pound (US$66,247) alternative annual allowance; and 6) approximately 1.1 million pound standard overseas transfer allowance. ...