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Pension Premiums

2013/14

  • 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' for the purpose of the business. Tax relief for large contributions may be spread over several years.

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