Registered Pensions
| |
2010/11 |
2009/10 |
| Lifetime allowance* |
£1,800,000 |
£1,750,000 |
| Annual allowance |
£255,000 |
£245,000 |
| Special annual allowance applies where relevant income is £130,000 or more |
minimum £20,000
maximum £30,000 |
minimum £20,000
maximum £30,000 |
| Special annual allowance charge |
20%-30% |
20% |
| Maximum relievable personal contribution |
100% of relevant UK earnings or
£3,600 if greater |
| Maximum pension commencement lump sum* |
25% of pension benefit value |
| Lifetime allowance charge |
55% if excess is drawn as cash
25% if excess is drawn as income |
Annual allowance charge on excess
|
40%
|
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