The invention relates to a magnetic coupling assembly for associating a first rotatable shaft to a second rotatable shaft, the magnetic coupling assembly comprising:—a rotatable first hub to be connected to the first rotatable shaft, the first hub comprising a magnet rotor comprising a plurality of permanent magnets;—a rotatable second hub to be connected to the second rotatable shaft, the second hub comprising a conductor housing comprising at least one conductor positioned at a distance from a side of the magnet rotor facing the second rotatable shaft; wherein at least one of the second hub and first hub comprises an inner hub part and an outer hub part, wherein the hub parts are configured to allow the outer hub part to be axially movable over the inner hub part to adjust the axial position of the at least one conductor relative to the magnet rotor.