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.
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