What's the maximum Pension Contribution percentage?
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hy
Apprentice
Joined: 14 Jan 2007
Posts: 5
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 Posted: 04/13/08 - 07:32 Post subject: |
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| I have recently been thinking about personal pension schemes and I realized that it would be best if I made a transfer between personal pensions. However, I would also like to know what is the maximum pension contribution percentage. If anyone could tell me the information, that would be great. Thanks in advance. |
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zackariah
Apprentice
Joined: 05 Mar 2007
Posts: 10
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| Posted: 05/13/08 - 02:57 Post subject: |
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Worrying about pensions is probably one of the most important thing you can do for yourself, as pensions are the only steady income you will be getting once you retire. It is very important that you use absolutely best of the options. You are also right to be asking about the maximum possible contributions, as that is simply a safe investment in your future. Usually the maximum percentage you can contribute is 17,5% if you start contributing at the age of 35 or less, and it increases to up to 60% if you start around the age of 60. For some more info, go to http://www.hmrc.gov.uk/pensionschemes/faqs/
contoccs.htm#f. |
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