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.

Pension Contributions

Maximum annual tax-efficient gross contributions to age 75
- individuals		£3,600 or 100% of earnings to £50,000
- employers		£50,000 less employee contributions

Maximum tax efficient fund on taking benefits in 2011/12: £1.8m
Only current earnings count for the 100% limit. Most personal pension contributions are paid net of basic rate tax.
Extra contributions above £50,000 may use unused £50,000 limit of preceding three years.

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, F.C.A.
Member: S.T. Boote, B.Sc (Econ), F.C.A.

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