| Maximum annual tax efficient gross contributions to age 75 | ||
| - individuals | £3,600 or 100% of earnings to £235,000 | |
| - employers | £235,000 less employee contributions | |
| Maximum tax-efficient fund on taking benefits in 2008/09: £1.65m (rising to £1.8m in 2010/11). | ||
| Only current earnings count for the 100% limit. It is no longer possible to use prior year earnings or to carry back contribution to earlier years. | ||
| Most personal pension contributions are paid net of basic rate tax. Payments will rise from 78% of gross premium to 80% from 6 April 2008. | ||