Only earnings up to the Earnings Limit can
be used for Personal Pension Plans, i.e.£97,200 for 2002/03.
Personal Pension
Plan contribution limits
Age
at start of tax year
%
Net Relevant Earnings*
35 or less
17.5%
36-45
20%
46-50
25%
51-55
30%
56-60
35%
61-75
40%
*Net Relevant Earnings
are broadly speaking your income from work. For employees
it can include the value of company cars and fringe
benefits, overtime etc. It excludes income from investments.
Stakeholder Pensions Note. You can
contribute to a Stakeholder if you have a Personal Pension
contract.
