Tax Tables
Registered Pensions
08-09 |
07-08 |
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| Lifetime allowance* | £1,650,000 |
£1,600,000 |
|
| Annual allowance | £235,000 |
£225,000 |
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| Lifetime allowance charge | 55% if excess is drawn as cash 25% if excess is drawn as income |
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| Annual allowance charge | 40% of excess |
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| Maximum pension commencement lump sum* | 25% of pension benefit value |
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| Maximum relievable personal conbribution | 100% of relevant UK earnings or £3,600 if greater |
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| * Subject to transitional protection for excess amount | |||
© Copyright March 2008, subject to Finance Act 2008. For information only.
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