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Tax Tables

Pensions

 

2018/19
£

2017/18
£

Lifetime allowance

1,030,000

1,000,000

Lifetime allowance charge

(Lump sum) 55%

(Lump sum) 55%

 

(Pension) 25%

(Pension) 25%

Annual allowance*

40,000

40,000

Money purchase annual allowance

4,000

4,000

Annual allowance charge

marginal rate

marginal rate

Maximum relievable personal contribution

100% of relevant earnings

100% of relevant earnings

 

£3,600 if greater

£3,600 if greater

Maximum tax free cash

25% of pension benefit value

25% of pension benefit value

*Can be reduced when earnings in excess of £110,000.


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Peter Hearne Associates Limited
2 Parkside Court, Greenhough Road, Lichfield, Staffordshire, WS13 7FE.
Tel: 01543 250888 | Fax: 01543 250535 | Email: peter@phalichfield.com
VAT no: 705 1249 65 | Company registration no: 04207720

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