Contributions.

There are many ways for your clients to contribute to their Registered Pension Scheme. We accept regular and one off payments from them or their employer. The decision is theirs.

Building a future

Member contributions in any tax year are restricted to the greater of:

• £3,600 gross or
• 100% of relevant UK earnings which are chargeable to income tax (with tax relief where appropriate)

Annual Allowance

Contributions to all Registered Pension Schemes are subject to an Annual Allowance of £50,000.

Your clients can make contributions in excess of this allowance but these contributions will be subject to a charge if they cannot be accommodated by carry forward.

There is no test against the Annual Allowance in the year in which your client dies or in the case of diagnosis of terminal illness, where lump sums are paid.

A Lifetime Allowance limit is applied on the amount of pension benefit that can receive beneficial tax treatment at retirement.