Annual & Lifetime Allowance

Annual Allowance

The Annual Allowance is the yearly amount of tax efficient “pension savings” you can build up in registered pension schemes before a tax change arises. In terms of PensionBuilderPlus “pension savings” are the contributions paid both by the employer and the employee to the pension plan.

To find out more information on how this may effect you Click>Annual Allowance April

The Lifetime Allowance

The Lifetime Allowance from 6 April 2016 (the total amount of registered pension scheme benefits you can build up over your working life before tax charge arises) will reduce from £1.25 million to £1.0 million.

To find out more information on how this may effect you Click> Lifetime Allowance

Downloads

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File Size Link
pdfAnnual Allowance 88.43KB Download
pdfThe Lifetime Allowance 104.08KB Download
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