Registered Pensions
| 2010/11 | 2009/10 | |
|---|---|---|
| Lifetime allowance: * | £1,800,000 |
£1,750,000 |
| Annual allowance: | £255,000 | £245,000 |
| Special annual allowance applies where relevant: | minimum £20,000 | minimum £20,000 |
| income is £130,000 or more: | maximum £30,000 | maximum £30,000 |
| Special annual allowance charge: | 20%-30% | 20% |
| Maximum relievable personal contribution: | 100% of relevant UK earnings or £3,600 if greater | |
| Maximum pension commencement lump sum: * | 25% of pension benefit value | |
| Lifetime allowance charge: | 55% if excess is drawn as cash 25% if excess is drawn as income |
|
| Annual allowance charge on excess: | 40% |
|
| * Subject to transitional protection for excess amount | ||