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personal-pensions

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.

Registered Pensions

2018/19 2017/18
Lifetime allowance (LA) £1,030,000 £1,000,000
Annual allowance (AA) £40,000 £40,000

Annual relievable pension inputs are the higher of earnings (capped at AA) or £3,600.

State pension (per week)

2018/19 2017/18
Old state pension – Single person £125.95 £122.30
Old state pension – Married couple £201.45 £195.60
New state pension † £164.35 £159.55

† Applies to those reaching state retirement age after 5 April 2016.