You can contribute up to 100% of your earnings and gain tax relief. Your employer may be able to contribute more. There is an overall annual allowance of £255,000 in 2010/11, at which point it will be frozen for the following five tax years. Above the annual allowance level, contributions will effectively receive no tax relief. However, the special annual allowance (see below) may mean personal tax relief for some contributions is restricted to basic rate.
Even if you have no earnings, you can still invest £3,600 a year before tax relief.Last Updated
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The current pensions tax regime
03: Annual allowance for contributions
The FSA does not regulate tax advice. Tax rules are subject to change.
