Tax Rates & Allowances - Pension Contributions

This information is prepared for guidance only. We recommend that you contact us for advice before acting on any information contained on this page and we cannot accept responsibility for any action taken without such advice.

Maximum annual tax efficient gross contributions to age 75.

Individuals	£3,600 or 100% of earnings to £245,000
Employers	£245,000 less employee contributions

Maximum tax-efficient fund on taking benefits in 2009/10: £1.75m (rising to £1.8m in 2010/11 then staying the same until 2015/16).

Only current earnings count for the 100% limit. It is no longer possible to use prior year earnings or to carry back contribution to earlier years.

Most personal pension contributions are paid net of basic rate tax.

Designated Members : M.J. Jay, F.C.A. • P.E. Farrow, F.C.C.A., A.C.A. • J.W. Hall, F.C.C.A., A.C.A. • J.R. Turner, Dip. P.F.S., A.I.F.P. • R.D. Gray, A.C.I.B. • S.J. Edwards, A.C.A.
Member: S.T. Boote, B.Sc (Econ), F.C.A.

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