Relevant Income Below £130,000 - Pension Tax Relief
*** These contribution limits have now been withdrawn with maximum contributions overall set to £50,000 and dropping to £40,000 in 2014 **
- Full 20% Basic Rate Tax Relief for Basic Rate Tax Payers on personal contributions
- Full 40% Higher Rate Tax Relief for High Rate Tax Payers on personal contributions
- Unlimited employer pension contributions up to the ‘normal’ annual allowance threshold
- If relevant earnings were above £130,000 you may have been affected by anti-forestalling measures.
Contact us today for more on pension tax relief.