Personal Pensions & Retirement Annuity Premiums
Planning for your future or setting pension plans for your business and employees can be complex – that’s why Franklin Underwood provide a comprehensive service to assist you with Personal Pensions and Retirement Annuity Premiums.
|Lifetime allowance (LA)||£1,055,000||£1,030,000|
|Annual allowance (AA)||£40,000||£40,000|
Annual relievable pension inputs are the higher of earnings (capped at AA) or £3,600.
* Usually tapered (down to a minimum of £10,000) when adjusted income exceeds £150,000.
State pension (per week)
|Old state pension – Single person||£129.20||£125.95|
|Old state pension – Married couple||£206.65||£201.45|
|New state pension †||£168.60||£164.35|
† Applies to those reaching state retirement age after 5 April 2016.