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The Pension Drawdown Company specialises
in providing advice on all aspects of pension
drawdown and investments

 
 
Independent Financial Adviser Logo The Personal Finance Society

Increased Contribution Limits

Individuals 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
2007/08  £225,000
2008/09  £235.000
2009/10  £245,000
2010/11 £255,000

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.

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