What is the maximum amount that can be paid into my pension fund?

Article author
Nneka
  • Updated

The maximum amount an individual can pay into a pension scheme while enjoying tax relief is subject to an annual allowance, which is based on your earnings for the year and is capped at £40,000. This is the maximum amount you can pay into your pension fund before you have to pay tax on the surplus amount. This includes both the Employer and Employee contributions. 

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