Budget 2020 tax tables: what the government's changes mean for you ...United Arab Emirates

Those saving for retirement will also gain. From 2020-21, the thresholds used to calculate the tapering of the annual allowance will be increased so that workers with an "adjusted net income" [taxable income] of below £240,000 are not affected by the reduced limits. The annual allowance is the total amount an individual and employer can contribute into their pension fund without incurring a tax charge.

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