The Annual Allowance (AA) is a limit on the tax free growth or input that you can have across all registered pension schemes during a pension input period. Take a look at the basics you need to know. | Teachers' Pensions | Facebook
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If you’ve got a defined contribution pension (also known as a money purchase pension), you need to know about one rule that catches loads of people out — the Money Purchase Annual Allowance, also called the MPAA. This is the rule that can slash how much you can pay into your pension each year once you’ve accessed it in certain ways. So let’s break down the key triggers that activate the MPAA, because once it’s triggered, your annual allowance for DC pensions drops to £10,000 a year instead of th
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