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PENSIONS |
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Basic
State Pension |
2003-2004 |
2002-2003 |
|
Single person per year |
£4,027.40 |
£3,926.00 |
|
Dependant's addition per year |
£2,410.20 |
£2,350.40 |
|
Married couple total per year |
£6,437.60 |
£6,276.40 |
|
Personal Pensions |
|
Maximum contributions based on 'Net Relevant Earnings' (NRE) |
|
Age on
6 April |
89-03 |
RAP |
PPP Earnings Cap |
|
% |
% |
|
£ |
|
35 or less |
17.5 |
17.5 |
2003-04 |
99,000 |
|
36-45 |
20.0 |
17.5 |
2002-03 |
97,200 |
|
46-50 |
25.0 |
17.5 |
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51-55 |
30.0 |
20.0 |
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56-60 |
35.0 |
22.5 |
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61-74 |
40.0 |
27.5 |
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Please Note:
1. No longer able to carry forward unused relief
after
5/4/01
2. From
6/4/01
maximum pension contribution based on highest
NRE in previous 5 years
3. From
6/4/01,
£3,600 can be paid into a Stakeholder pension
without NRE.
4. Retirement Annuity Plans (stated pre
1/7/88):no change to existing rules/no cap.
5. No further contributions permitted from 75th
birthday.
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