Budget 2011 – Annual tax rates and allowances

Registered Pension Schemes - Budget 210 - GT

Pension Schemes

Tax Year Annual allowance1 Lifetime allowance
2010/2011 £255,000 £1,800,000
2011/2012 £50,0002 £1,800,0003
  • Income tax relief is given on the lower of 100% of annual earnings§ 4 or the annual allowance. Anti-forestalling provisions apply up to 5 April 2011.

1 Total of personal and employer contributions.
2 If no earnings, £3,600 a year and for relief at source arrangements only.
3 The lifetime limit will be reduced from £1.8 million to £1.5 million from 6 April 2012.
4 If no earnings, £3,600 a year and for relief at source arrangements only.

1 2 3 4 5 6 7 8 9 10 11 12 13

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>