Retirement annuity relief calculator
This tool allows you to calculate the amount of available retirement annuity relief available for the year ended 5 April 2006.
All payments into a retirement annuity scheme are made gross. Any amounts you make into a personal pension scheme will be paid net of basic rate tax.
The calculated figures should only be used as a guide and they do not show the amount available for investment in an existing personal pension policy. We recommend you consult a financial adviser before making any commitments.
A new simplified pensions tax regime applies from 6 April 2006. From that date, there are two controls on an individual's tax-relieved pension savings: the Annual Allowance (starting at £215,000 for 2006/07) and the Lifetime Allowance (starting at £1,500,000 for 2006/07).
This page was last reviewed on 03 April 2006. The information may not reflect changes in legislation made after this date.
This is only a guide to your tax position and should not be relied on in place of professional accounting or tax advice. Any calculated figures are illustrative and are based on the data you provided.
