| Pension savings | 2012-2013 | 2011-2012 |
|---|---|---|
| Lifetime Allowance | £1,500,000 | £1,800,000 |
| Annual Allowance * | £50,000 ** | £50,000 ** |
* Income tax relief available on higher of £3,600 or relevant earnings, subject to annual allowance limit.
** Potential to carry forward unused relief of up to £50,000 per year from the previous three years.
|
Basic state pension |
2012-2013 |
2011-2012 |
|---|---|---|
| Single person per year | £5,587.40 | £5,311.80 |
| Spouse/civil partner addition per year | £3,348.80 | £3,182.40 |
| Married couple/civil partnership total per year | £8,936.20 | £8,494.20 |
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