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PENSIONS INFORMATION 1/2
You can pay a maximum percentage of
"net relevant earnings" to a personal
pension scheme and get tax relief.
The maximum figure of "net relevant
earnings" on which you can base your
payment is £87,600 in the year to 5
April 1999.
You can also pay a maximum percentage
of "net relevant earnings" to an
existing retirement annuity scheme.
In this case there is no maximum figure
of earnings on which the payments are
basjd.
Source: Ernst & Young (see page 271)
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