The Annual Allowance (AA) is the maximum amount of pension savings you can build up each year before you may incur a tax charge.
The standard Annual Allowance (AA) is £40,000 per tax year. If you’re a high earner, you’re likely to have a Tapered AA.
Or if you start taking your Investment Builder savings, or any other defined contribution savings, you may be subject to the Money Purchase Annual Allowance (MPAA). This limits how much you can pay into a defined contribution arrangement before you need to pay tax. The limit is £4,000 per year.