Pension Premiums
2010/11 and 2009/10
- Tax relief available for personal contributions: higher of £3,600
(gross) or 100% of relevant earnings.
- Employers will obtain tax relief on employer contributions if they are paid
and made ‘wholly and exclusively’. Tax relief for large contributions
may be spread over several years.
- Any contributions in excess of £255,000 (£245,000), whether
personal or by the employer, may be subject to income tax on the individual.
- An additional income tax charge may apply on certain non-regular contributions.