Section A

For the tax year 2023/24, what is the minimum tapered annual allowance for pension contributions for a high earner whose adjusted income exceeds £260,000?

For the tax year 2023/24, the standard pension annual allowance is £60,000. For individuals with an 'adjusted income' over £260,000, this allowance is reduced by £1 for every £2 of excess income. However, the maximum reduction is £50,000, leaving a minimum tapered annual allowance of £10,000.