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FOR ADVISERS ONLY

Earnings Cap

Tax YearCap (£ p.a.) (RPI)Cap (£ p.a.) (CPI)
2020/2021 £170,400** £157,800***
2019/2020 £166,200** £154,800***
2018/2019 £160,800** £150,600***
2017/2018 154,200** 145,800***
2016/2017 150,600** 144,000***
2015/2016 149,400** 144,000***
2014/2015 145,800** 142,200***
2013/2014 141,000** 138,000***
2012/2013 137,400** 135,000***
2011/2012 129,600** 127,800***
2010/2011 123,600*  
2009/2010 123,600*  
2008/2009 117,600*  
2007/2008 112,800*  
2006/2007 108,600*  
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  

*Nominal earnings cap for the transitional period under Finance Act 2004.

**The earnings cap is is no longer published by HMRC therefore this is a projected figure using RPI-basis.

***This is the projected earnings cap using CPI-basis.

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit royallondon.com.

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.