Don’t miss out on £50,000 allowances from 2011/2012 and 2012/2013:
· Carry forward for 2011/2012 and 2012/2013 will still be based on a £50,000 allowance. But as each year passes, £40,000 allowance dilutes what can be paid. Up to £190,000 can be paid into pensions for this tax year without triggering an annual allowance tax charge. By 2017/2018 this will drop to £160,000 – if the allowance stays at £40,000. And don’t ignore the risk of further cuts.