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 |