Pensions


	2012/13 (£)	2011/12 (£)
Lifetime allowance	1,500,000	*1,800,000
Lifetime allowance charge	55%	55%
	25%	25%
Annual allowance	50,000	50,000
Annual allowance charge	40%	40%
Maximum relievable personal contribution	100% of UK earnings	100% of UK earnings
	£3,600 if greater	£3,600 if greater
Maximum tax free cash	25% of pension benefit value	25% of pension benefit value

Government is proposed to bring in a limit of 25% of income for pensions tax relief from April 2013 for Top rate taxpayers.