Annual Allowance
The annual allowance is not a limit on how much you can put into your pension. Theoretically, you can contribute an unlimited sum, but the amount upon which you can claim income tax relief is limited..
Contributions above the annual allowance in an input period, trigger the annual allowance charge. |
The following table shows the annual allowance for the period 6 April 2006 to 5 April 2016. The limit has been frozen for the period 6 April 2010 to 5 April 2016.
| Tax Year | Annual Allowance |
|---|---|
2006 / 2007 |
£215,000 |
2007 / 2008 |
£225,000 |
2008 / 2009 |
£235,000 |
2009 / 2010 |
£245,000 |
2010 / 2011 |
£255,000 |
2011 / 2012 |
£255,000 |
2012 / 2013 |
£255,000 |
2013 / 2014 |
£255,000 |
2014 / 2015 |
£255,000 |
2015 / 2016 |
£255,000 |
