Pensions


	2011/12 (£)	2010/11 (£)
Lifetime allowance	*1,800,000	1,800,000
Lifetime allowance charge	55%	55%
	25%	25%
Annual allowance	50,000	255,000
Annual allowance charge	40%	40%
Maximum relievable personal contribution	100% of UK earnings	100% of UK earnings
	£3,600 if greater	£3,600 if greater
Maximum tax free cash	25% of pension benefit value	25% of pension benefit value

* Reduced to £1,500,000 from April 2012

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