Maximum annual tax-efficent gross contribusions to age 75
- individuals £3,600 or 100% of earnings to £255,000
- employers £255,000 less employee contributions
Maximum tax efficient fund on taking benefits in 2010/11: £1.8m (staying the same until 2015/16).
Only current earnings count for the 100% limit. Most personal pension contributions are paid net of basic rate tax.
Extra contributions over £20,000 by those with income over £130,000 may suffer a clawback of relief.
Tax Information 2010 / 2011
