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Tax Tables
Pensions
|
2008/09 (£) |
2007/08 (£) |
Lifetime allowance |
1,650,000 |
1,600,000 |
Lifetime allowance charge |
55% if cash |
55% if cash |
|
25% if income |
25% if income |
Annual allowance |
235,000 |
225,000 |
Annual allowance charge |
40% |
40% |
Maximum relievable personal contribution |
100% of UK earnings |
100% of UK earnings |
|
£3,600 if greater |
£3,600 if greater |
Maximum tax free cash |
25% of pension benefit value |
25% of pension benefit value |