Pension Premiums

2012/13 and 2011/12

• Tax relief available for personal contributions: higher of £3,600 (gross) or 100% of relevant earnings.

• Any contributions in excess of £50,000, whether personal or by the employer, may be subject to income tax on the individual.

• Where the 50,000 limit is not fully used it may be possible to carry the unused amount forward for three years.

• 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.

We offer a free initial meeting to discuss your needs - if you are interested please Contact Us