|
| |
Retirement
Annuity Contributions Table and
Calculator
These have not been sold since 1989, but
if you have one it may be a useful resource, especially if it has a Guaranteed Annuity,
and/or you may earn more than the Earnings Cap, ( £87,600 in 98/99, £90,600 in 99/2000).
| Retirement
Annuity contracts contribution limits |
| Age at start of tax
year |
% Net Relevent
Earnings* |
| 50 or less |
17.5% |
| 51-55 |
20% |
| 56-60 |
22.5% |
| 61-74 |
27.5% |
*Net Relevent Earnings are broadly speaking your income from work. For employees it can
include the value of company cars and fringe benefits, overtime etc. It excludes income
from investments.
|
![[Company Logo Image]](_borders/image005.gif)