HB Accountants

Pension Premiums (2010/11 and 2009/10)

• Tax relief available for personal contributions: higher of £3,600 (gross) or 100% of relevant earnings
  
  
• 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.
• Any contributions in excess of £255,000 (£245,000), whether personal or by the employer, may be subject to income tax on the individual.
• An additional income tax charge may apply on certain non-regular contributions.

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