Tel: 01427 610761
Email: info@burtondyson.com

Following the government announcement on the 4th January 2021, our office remains open, subject to local and national guidelines. Burton & Dyson continues to work hard on your matters during this period. Please refer to our COVID Statement.

Please note that we are experiencing delays in receiving post due to COVID related staff shortages at our local postal sorting office. If you have sent or are intending to send anything to us by post which is time critical, please call us so we can check that we have received it or discuss alternatives.

Pensions

Pensions

  2019/20
£
2018/19
£
Lifetime allowance 1,055,000 1,030,000
Lifetime allowance charge (Lump sum) 55% (Lump sum) 55%
  (Pension) 25% (Pension) 25%
Annual allowance* 40,000 40,000
Money purchase annual allowance 4,000 4,000
Annual allowance charge marginal rate marginal rate
Maximum relievable personal contribution 100% of relevant earnings 100% of relevant earnings
  £3,600 if greater £3,600 if greater
Maximum tax free cash 25% of pension benefit value 25% of pension benefit value
*Can be reduced when earnings in excess of £110,000.

Back to Tax Tables