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.
Treating Customers Fairly
Dictionary
- Fee Based Independent Financial Advisors IFAs
- Approved Pension Schemes
- Taxation of Dividend Income
- Non-Contributory Pension
- State Earning Related Pension Scheme SERPS
- Funded unapproved pension schemes FURBS
- Personal Allowance
- Pay-As-You-Earn PAYE
- Consumer Price Index CPI
- Market maker