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 £50,000
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- employers
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£50,000 less employee contributions
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Maximum tax efficient fund on taking benefits in 2011/12: £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.
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Extra contributions above £50,000 may use unused £50,000 limit of preceding three years.
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