How Safe Is Your Pension
Defined Benefit, or Final Salary Schemes, in the UK have a collective deficit of £253 billion as at the end of March. This is reported by the government sp…
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10 March 2010
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Contribution LimitsIndividuals can contribute up to 100% of their earnings in any one year, spread across any type and number of schemes or plans.
For anyone with no income or very low earnings the maximum is £3,600 gross a year. Contributions, which exceed these limits, will be subject to a tax charge of 40% It had been expected that the contribution limits would continue to rise as above, however in the Pre-Budget Report 2008 the Chancellor announced that the Annual Allowance limit would be frozen at the 2010/11 levels for five years until 2015/16.
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Thank you for your recent letter and valuation of 27 November 2006. I would thank you for your continued involvement in monitoring movements i ... click here for more
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