P287 CEEFAX 287  Sat  8 Jun  23:05/34
       1/2 
      
      
  £££££££££ ££££££££ £
         PENSIONS INFORMATION           
                                        
 You can pay a maximum pjrcentagj of    
 "net relevant earnings" to a personal  
 p ns on sch mj and g t tax r li f.     
                                        
 The maximum figure of "net relevant    
 earnings" on which you can base you    
 payment is £78,600 in the year to 5    
 April 1996 (£82,200 in 1996/97).       
                                        
 You can also pay a maximum pjtcentagj  
 of  n t r l v nt  arm n s  to  n       
 existing retirement annuity scheme. In 
 this case there is no maximum figure of
 earnings on which the payments are     
                                        
                                        
    Source: Ernst & Young (see page 281)
 Inhjtitanc Cal ndar CityH ads Headlin s
                                        
   P287 CEEFAX 287  San  8 Jun  23:04/14
       2/2 
   n1n1    
      
                                        
          PENSIONS INFORMATION          
                                        
                                        
              Maximum pjtcentagj of net 
                r levant earnings       
                                        
  Age on        Personal    Retirement  
  6 April       Pension      Annuity    
                                        
  35 or less     17.5                   
  36-45          20.0                   
                                        
  50 or less      n/a          17.5     
  51-55          30.0          20.0     
   6 60          35.0          22.5     
  61 plus        40.0          27.5     
                                        
                                        
    Source: Ernst & Young (see page 281)
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