Income Over GBP 150 000

Relevant Earnings £150,000 + (in current tax year or previous 2 tax years)

*** THE CONTRIBUTION RULES BELOW HAVE NOW BEEN SUPERSEDED *** with new rules on annual contributions and limits and carry forward rules. See 2011-12 Rules.

Contribution up to £20,000

• Can make individual Pension Contribution of up £20,000 with normal higher rate tax relief (40% and up to 50% from 06/04/2010)

Contributions greater than £20,000

• WEF - 22 April 2009 (40% Income Tax Rate) - 20% tax charge on pension contributions/inputs, except protected pension contributions, in excess of a £20,000 special annual allowance.

• WEF - 6 April 2010 (50% Income Tax Rate) possible 30% tax charge on pension contributions, except protected pension contributions, in excess of a £20,000 special annual allowance where tax relief starts at 50%

• WEF - 6 April 2011 (50% Income Tax Rate) - 50% tax relief on individual pension contributions tapered down to 20% the higher your salary is from £150,000 to £180,000.

Relevant Earnings £180K +

• WEF 6 April 2011 (50% Income Tax Rate) – pension tax relief at 20%.