The standard annual allowance is £60,000. This means that the maximum you can pay for any one year is £48,000 and tax relief will be added to this so that your total pension contribution will be £60,000.
However, you can use unused annual allowance from the last three tax years. This is known as carry forward. If you have not used any of your annual allowance for these tax years and your earnings allow it, the maximum you can pay into a pension is £144,000. Tax relief will be added to this so that your maximum pension contribution is £180,000.
If you exceed the annual allowance, you will have to pay a tax charge on the excess.
The maximum that you can pay into a pension using this service is £100,000. If you would like to pay in more, please call us on 0800622323.
The minimum amount you can pay into your pension through this service is £800, tax relief will be added to your payment.