Pensions (again!)

[VillageContractor]

I thought pension contributions can be a maximum of £40,000 or 100% of your salary, whichever is lower.

So if you’re salary is £8k then your pension contribution can only be £8k?

[mudskipper]

I thought pension contributions can be a maximum of £40,000 or 100% of your salary, whichever is lower.

So if you’re salary is £8k then your pension contribution can only be £8k?

That's true for personal contributions, not for company ones.

[greenlake]

Because of current (and expected future) low returns on bonds and other safe investments, together with generally longer life expectancies, the updated wisdom is now 120-your age.

A greenlake post without a witty picture? Is this the end of CUK?

Not quite sure how it works when you get really old though....