Maximum annual tax-efficient gross contributions to age 75
individuals £3,600 or 100% of earnings to £50,000
employers £50,000 less employee contributions
Only current earnings count for the 100% limit. If less than £50K has been paid in any of the preceding 3 years, current contributions may be increased by the shortfall.
Most personal pension contributions are paid net of basic rate tax. Maximum tax-efficient fund on taking benefits in 2013/14: £1.5m.