Registered Pensions
| |
09-10 |
08-09 |
| Lifetime allowance* |
£1,750,000 |
£1,650,000 |
| Annual allowance |
£245,000 |
£235,000 |
| Special annual allowance |
£20,000 |
N/A |
| Lifetime allowance charge |
55% if excess is
drawn as cash
25% if excess is drawn as income |
| Annual allowance charge |
40% of excess |
| Maximum pension commencement lump sum* |
25% of pension benefit
value |
| Maximum relievable personal contribution |
100% of relevant
UK earnings or
£3,600 if greater |
|
|
|
