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No job

Does anyone know what's the maximum someone can pay into a personal pension if they don't have a job? I think it used to be £300 pcm but I'm not sure if it's changed.

Thanks.

Comments

  • molerat
    molerat Posts: 35,822 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    £2880 net, the pension co will add the 20% tax making it up to £3600 pa.
  • So, basically, it's stayed the same - a maximum of £300 pcm (including tax relief). Thanks for your reply.
  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Yeah but, no but. The permitted contribution depends on your earnings over the whole tax year, rather than your earnings in any one month.
    Free the dunston one next time too.
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