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 Budget 2006
  Pension Contributions


Major changes to all rules from 6.4.2006
Maximum tax-efficient gross contributions to age 75
- individuals    £3,600 or 100% of earnings to £215k
- employers    £215k less employee contributions
Maximum tax-efficient fund on taking benefits in 2006/07: £1.5m
 
Only current earnings count for the 100% limit in 2006/07. It is no longer possible to use prior year earnings or to carry back contribution to earlier years.

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