Pension Limits - Pension Tracing Service ®

Maximum amount you can contribute to pension and receive tax relief is 100% of your earnings or £40,000 – whichever is greater.
The maximum amount you can contribute to your pension each year is called the annual allowance, which is currently £40,000.
Anyone can pay these contributions; you, your employer, a relative, etc.
The limit applies to your total contributions to all pension arrangements within the DC regime, occupational money purchase schemes, personal pensions and stakeholder schemes.
Contributions are paid after deducting income tax relief at the basic rate – you keep the tax relief even if your income is too low to pay that much tax. In practice, your regular contributions to an occupational money purchase scheme are usually much lower than the maximum allowed.
If you contribute into your pension either more than you earn or over £40,000, you will not receive tax relief on the excess: for example if you earn £35,000 per annum and you contribute £40,000 into your pension, you will only receive tax relief on the £35,000.

Contact us

You can also request contact details from the Pension Tracing Service by phone or by post.

The Pension Tracing Service

Telephone: 0800 1223 170

From outside the UK: +44 (0) 1782 389134

Monday to Friday, 9:30 am to 5:00 pm

Address

The Pension Tracing Service

The Lantern

High Street

Ilfracombe

EX34 9QB

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The Pension Tracing Service® is a trading style of Millennial Wealth Ltd. We are authorised and regulated by the Financial Conduct Authority (FCA number 914746). Pinnacle House, 34 Newark Road, Peterborough, PE1 5YD. Registered company number 11557299.

This service is not affiliated with the Department for Work and Pensions or any government body. The Pension Tracing Service does not offer financial advice to our clients. However we can allocate you an Authorised and Regulated Pension Specialist.
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3.3 million lost pots / £31.1bn / £9,470 average / +60% since 2018: Pensions Policy Institute (PPI) research.