At the present time there is no overall limit on the amount of pension contributions you can pay (although the amount of additional LGPS pension you can buy is limited to £7,316). However, tax relief is only given on:
- contributions up to 100% of your UK taxable earnings, or;
- up to £3,600 if your earnings are below £3,600
Additionally, under HM Revenue and Customs rules there are controls on the pension savings you can have before you become subject to a tax charge. Although most people will not be affected by these controls, if you are interested in paying additional contributions you should be aware of the limits. To find out more, see the section on Tax controls and your LGPS benefits.