Pensions


	2008/09 (£)	2007/08 (£)
Lifetime allowance	1,650,000	1,600,000
Lifetime allowance charge	55% if cash	55% if cash
	25% if income	25% if income
Annual allowance	235,000	225,000
Annual allowance charge	40%	40%
Maximum relievable personal contribution	100% of UK earnings	100% of UK earnings
	£3,600 if greater	£3,600 if greater
Maximum tax free cash	25% of pension benefit value	25% of pension benefit value