The maximum contribution which can be paid to all pension schemes in respect of a member and receive tax-relief in any one tax year.
The Chancellor of the Exchequer determines the Annual Allowance. The amounts for tax years 2010/2011 to 2015/2016 are as follows:
| Tax Year Ending | Annual Allowance |
|---|---|
| 5/4/2011 to 5/4/2016 | £255,000 |