Earnings cap
The earnings cap restricts the amount of remuneration on which the benefits and contributions of an occupational pension scheme member may be based.
| Tax year | Cap (£ per year) (RPI) | Cap (£ per year) (CPI) |
| 2025/2026 | £230,4002 | £197,4003 |
| 2024/2025 | £223,8002 | £193,8003 |
| 2023/2024 | £205,2002 | £181,2003 |
| 2022/2023 | £181,8002 | £164,4003 |
| 2021/2022 | £172,8002 | £159,0003 |
| 2020/2021 | £170,4002 | £157,8003 |
| 2019/2020 | £166,2002 | £154,8003 |
| 2018/2019 | £160,8002 | £150,6003 |
| 2017/2018 | £154,2002 | £145,8003 |
| 2016/2017 | £150,6002 | £144,0003 |
| 2015/2016 | £149,4002 | £144,0003 |
| 2014/2015 | £145,8002 | £142,2003 |
| 2013/2014 | £141,0002 | £138,0003 |
| 2012/2013 | £137,4002 | £135,0003 |
| 2011/2012 | £129,6002 | £127,8003 |
| 2010/2011 | £123,6001 | |
| 2009/2010 | £123,6001 | |
| 2008/2009 | £117,6001 | |
| 2007/2008 | £112,8001 | |
| 2006/2007 | £108,6001 | |
| 2005/2006 | £105,600 | |
| 2004/2005 | £102,000 | |
| 2003/2004 | £99,000 | |
| 2002/2003 | £97,200 | |
| 2001/2002 | £95,400 | |
| 2000/2001 | £91,800 | |
| 1999/2000 | £90,600 | |
| 1998/1999 | £87,600 | |
| 1997/1998 | £84,000 | |
| 1996/1997 | £82,200 | |
| 1995/1996 | £78,600 | |
| 1994/1995 | £76,800 | |
| 1993/1994 | £75,000 | |
| 1992/1993 | £75,000 | |
| 1991/1992 | £71,400 | |
| 1990/1991 | £64,800 | |
| 1989/1990 | £60,000 |
1Nominal earnings cap for the transitional period under Finance Act 2004.
2The earnings cap is is no longer published by HMRC therefore this is a projected figure using RPI-basis.
3This is the projected earnings cap using CPI-basis.
Disclaimer
The information provided is based on our current understanding of the relevant legislation and regulations and may be subject to alteration as a result of changes in legislation or practice. Also it may not reflect the options available under a specific product which may not be as wide as legislations and regulations allow.
All references to taxation are based on our understanding of current taxation law and practice and may be affected by future changes in legislation and the individual circumstances of the investor.