TCM4000 Reference Section Inland Revenue Rates and Allowances
Pensions

Pension schemes earnings cap 2000 - 2001 2001 - 2002
£91,800 £95,400

The main effect of the cap is to set a ceiling on the contributions that can be paid to, and the benefits that can be paid by, tax approved pension schemes.

It generally applies to people who contribute to a personal pension scheme, joined an occupational scheme set up since 14 March 1989, or joined any occupational scheme from 1 June 1989, which was set up before 14 March 1989.

From 6 April 2001 the cap will apply to people who contribute to stakeholder pension schemes.

Source: HM Government Inland Revenue