Tax relief for pensionsNovember 3, 2010 From 6 April 2011 the amount you and your employer can pay into your pension fund will be capped at £50,000 per year. However, if the total contributions to your pension scheme were been less than £50,000 in each of the last three years, you can carry forward the unused cap to add to the £50,000 cap for the fourth year. The calculations are a little more complicated if your pension scheme did not start at the beginning of the tax year, ask us to explain. HMRC guidance on new pension scheme cap http://www.hmrc.gov.uk/pensionschemes/annual-allowance/index.htm
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