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 March 2005, subject to Finance Act |
|