| |
 |
| Lifetime allowance* |
£1,650,000 |
£1,600,000 |
| Annual allowance |
£235,000 |
£225,000 |
| Lifetime allowance charge |
55% if excess is drawn as cash
25% if excess is drawn as income |
| Annual allowance charge |
40% of excess |
| Maximum pension commencement lump sum* |
25% of pension benefit value |
| Maximum relievable personal contribution |
100% of relevant UK earnings or
£3,600 if greater |
* Subject to transitional protection for
excess amount |
|
|
|
