Registered Pensions
 
2010/11
2009/10
© Copyright 22 June 2010, subject to final legislation. For information only. Always seek professional advice before acting.
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%

 

* Subject to transitional protection for excess amount