TaxPersonal TaxPENSION CONTRIBUTION RELIEFS

PENSION CONTRIBUTION RELIEFS

Age on 6 April

% of maximum net relevant earnings

 
Personal pensions*

2000/2001maximum

Retirement annuities*
35 or less 17.5 16,065 pounds

17.5

36-45 20 18,360 pounds

17.5

46-50 25  22,950 pounds

17.5

51-55  30  27,540 pounds

20

56-60   35 32,130 pounds

22.5

61 or over     40  36,720 pounds

27.5

Life assurance (out or above)

5

4,590 pounds

5

AVCs     15  13,770 pounds

Maximum net relevant earnings: 91,800 pounds, (1999/2000 – 90,600 pounds)

* If contributions to both, Personal Pensions limits apply.

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