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Prime Advisors Ltd,
NEW ADDRESS:
Ocean Air house
Suite 200, Floor 1,
750-760 High Road, Leytonstone,
London E11 3AW
Tel - 0044 208 530 6929
Fax - 0044 208 989 1179
E-mail: primeadvisors@yahoo.co.uk

 
   

PENSIONS

  

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

 

 

51-55

30.0

20.0

 

 

56-60

35.0

22.5

 

 

61-74

40.0

27.5

 

 

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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