Pension savings 2015-2016 2014-2015
Lifetime Allowance £1,250,000 £1,250,000
Annual Allowance* £40,000** £40,000

*  Income tax relief available on higher of £3,600 or relevant earnings, subject to annual allowance limit. Potential to bring forward unused relief from the previous three years, subject to certain limits.

** Reduced from 6 April 2015 to £10,000 where an individual has accessed the new flexible arrangements.

Basic state pension 2015-2016 2014-2015
Single person per year £6,029.40 £5,881.20
Spouse/civil partner addition per year £3,614.00 £3,525.60
Married couple/civil partnership total per year £9,643.40 £9,406.80

Budget 2015

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