Pension contributions
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Maximum annual tax efficient gross contributions to age 75
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- individuals
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£3,600 or 100% of earnings to £255,000
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- employers
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£255,000 less employee contributions
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Maximum tax efficient fund on taking benefits in 2010/11: £1.8m.
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Only current earnings count for the 100% limit. Most personal pension contributions are paid net of basic rate tax. Extra contributions over £20,000 by those with income over £130,000 may suffer a clawback of relief.
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