INTELLIGENCE ZONE

ANNUAL ALLOWANCE

The annual allowance will be reviewed and set every five years for the following five years by a Treasury Order.

The annual allowance (AA) sets the upper limit on the tax efficient yearly contribution or on the accrual received in a defined benefits scheme for an individual.

For information on how much your client can contribute and the tax implications please click here.

Tax year AA Tax year AA
2006/2007 £215,000 2011/2012 £50,000
2007/2008 £225,000 2012/2013 £50,000
2008/2009 £235,000 2013/2014 £50,000
2009/2010 £245,000 2014/2015 £50,000
2010/2011 £255,000 2015/2016 £50,000

DISCLAIMER

The information on this page is for advisers only and should not be relied upon by individuals.