The ceiling at which employers may make provision under occupational and personal pension schemes will increase from £;102,000 to £;105,600 for the 2005/06 tax year. The cap applies to employees who contribute to a personal pension scheme, or who join an occupational pension scheme set up since 14 March 1989, or who join any occupational pension scheme from 1 June 1989. It also applies to Stakeholder pension schemes.

Discuss this news item in the PayPerShop Forum

...back to 3 December 2004


Source:
www.inlandrevenue.gov.uk/pbr2004/pn02.htm