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Increased Contribution LimitsIndividuals can contribute up to 100% of their earnings in any one year, spread across any type and number of schemes or plans. This is subject to maximum amounts that will qualify for tax relief, which are:
For anyone with no income or very low earnings the maximum is £3,600 a year. Contributions, which exceed these limits, will be subject to a tax charge of 40% The above limits replaced the previous system of percentages of earnings increasing with your age and also carry back and carry forward. |
I write to thank you for all your efforts with my pension funds and investments. I am very satisfied with the total increase of my portfolio ... click here for more
When you become a client of The Pension Drawdown Company you will be able to have on-line access to up to date valuations for all your funds. click here to login |