*The annual allowance is tapered for taxpayers whose income exceeds £240,000 (2019-20: £150,000).
The allowance is reduced by £1 for every £2 that an individual's income exceeds £240,000 (2019-20: £150,000), down to a minimum of £4,000 (2019-20: £10,000).
**Retirees that reached the State Pension age before 6 April 2016, continue to receive the Old State Pension and not the New State Pension.
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