How much can I invest in a Personal Pension?
Whilst there is no limit on what you can invest in your Personal Pension, there is a limit on how much tax relief you can claim each year on your contributions. Tax relief can be claimed on up to 100% of your earnings or £60,000 – whichever is the lower (correct in 2023/24 tax year). If you have already withdrawn a gross income from your pension, this is reduced to 100% of your earnings or £10,000 – again whichever is lower. Please contact us if you’d like more information.
With investing your capital is at risk. Investments can fluctuate in value, and you may get back less than you invest. Pension eligibility applies. Tax is subject to an individual’s personal circumstances, and tax rules can change at any time.
Further questions? Please get in touch