Pension Allowances

Pension Scheme Allowances

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Pension Scheme Allowances

Updated Budget 2007


  2007/08
Annual Allowance £225,000
Lifetime Allowance £1,600,000

You may fund a Stakeholder Pension up to £3,600 gross per year without reference to earnings.

 

Pension Contribution Cap  
05/06 £105,600
04/05 £102,000
03/04 £99,000
02/03 £97,200
01/02 £95,400
00/01 £91,800
99/00 £90,600
98/99 £87,600
97/98 £84,000

Prior to reform of the pensions regime, contributions were restricted on the basis of an age-related percentage of earnings up to the stipulated allowable maximum.

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