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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finding us

Southend Office
453 Southchurch Road,
Southend-on-Sea, Essex, SS1 2PH
Tel: 01702 667 315 | Fax: 01702 442 180

Billericay Office
Unit 28, Barleylands,
Barleylands Road, Billericay, Essex, CM11 2UD
Tel: 01277 886 598