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Pension Investment Limits
Employees can pay up to a total of 15 of their earnings each tax year as either a contribution to their company pension scheme or as additional voluntary contributions AVCs or a combination of both. Since the advent of A-Day 6 April 2006 the regime has become more flexible. Now anyone can contribute to any number of pension schemes as long as the total contributions do not exceed 100 of their annual earnings up to a limit of £235000 for the 200809 tax year. ©Moneyextra.com 2009-02-17 00:00:00 © Moneyextra.com
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- 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