TAX
TABLES 2005
Personal
Pensions and Retirement Annuities
Maximum contributions based on net
relevant earnings (NRE)
| Personal Pensions |
Retirement Annuities |
Age on
6 April |
% NRE |
05-06
£ |
04-05
£ |
Age on
6 April |
% NRE |
| 35 or less |
17.5 |
18,480 |
17,850 |
35 or less |
17.5 |
| 36-45 |
20.0 |
21,120 |
20,400 |
36-45 |
17.5 |
| 46-50 |
25.0 |
26,400 |
25,500 |
46-50 |
17.5 |
| 51-55 |
30.0 |
31,680 |
30,600 |
51-55 |
20.0 |
| 56-60 |
35.0 |
36,900 |
35,700 |
56-60 |
22.5 |
| 61-74 |
40.0 |
42,240 |
40,800 |
61-74 |
27.5 |
| |
| Contribution without NRE |
3,600 |
3,600 |
|
| Pension
earnings cap |
105,600 |
102,000 |
No
earnings cap |
|
©
Copyright 12 March 2008, subject to Finance
Act 2008. For information only. Always seek
professional advice before acting.
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