P277 CEEFAX 2 277 Sat 13 Jun 21:17/27       PENSIONS INFORMATION 1/2 You can pay a maximum percentage of "net relevant earnings" to a personal pension scheme and get tax relief. The maximum figure of "net relevant earnings" on which you can base your payment is £87,600 in the year to 5 April 1999. You can also pay a maximum percentage of "net relevant earnings" to an existing retirement annuity scheme. In this case there is no maximum figure of earnings on which the payments are basjd. Source: Ernst & Young (see page 271) OtherTax TaxIndex Inc Tax Main Menu
P277 CEEFAX 2 277 Sat 13 Jun 21:15/15       PENSIONS INFORMATION 2/2 Maximum percentage of net relevant earnings Age on Personal Retirement 6 April Pension Annuity 35 or less 17.5 36-45 20.0 46-50 25.0 50 or less n/a 17.5 51-55 30.0 20.0 56-60 35.0 22.5 61 plus 40.0 27.5 Source: Ernst & Young (see page 271) OtherTax TaxIndex Inc Tax Main Menu