Earnings Cap

Tax YearCap (£ per year) (RPI)Cap (£ per year) (CPI)
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.

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The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.