Pension Premiums (2008/09 and 2007/08)

• Tax relief is limited to relief on contributions up to the higher of 100% of your UK taxable earnings, and £3600.
  
  
• Employers will obtain tax relief on employer contributions if they are paid and made 'wholly and exclusively'. Tax relief for large contributions may be spread over several years.
  
  
• Any contributions in excess of £235,000 (£225,000), whether personal or by the employer, will be subject to income tax on the individual at 40%.
  
  
• No carry back of pensions contributions.