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Krogh & Partners Limited
 
Your auditor, accountant and advisor in the United Kingdom
Pension contributions



Registered Pension
2017/18
2016/17
Lifetime allowance (LA)
1m
1m
Annual allowance (AA)*
40,000
40,000

Annual relievable pension inputs are the higher of earnings (capped at AA) or 3,600.

*The AA is usually reduced by 1 for every 2 by which relevant income exceeds 150,000, down to a minimum AA of 10,000. The AA can be reduced to 4,000, where certain pension drawings have been made.


State pension (pr week)
2017/18
2016/17
Old state pension - Single person
122.30
119.30
Old state pension - Married couple
195.60
190.80
New state pension *
159.55
155.65



* Applies to those reaching state retirement age after 5 April 2016.







Tax rates

Tax rates 2016/17
Income Tax
Annual investment limits
Vehicle Benefit
Tax free mileage allowances
National Insurance Contributions
Pension contributions
Inheritance Tax
Value Added Tax
Capital Gains Tax
Corporation Tax
Main capital allowances
Property Taxes
Key dates and deadlines
Useful rates