Tax relief available for personal contributions: higher of
£3,600 (gross) or 100% of relevant earnings.
Employers will obtain tax relief on employer contributions
if they are paid and made ‘wholly and exclusively’. Tax relief
for large contributions may be spread over several years.
Any contributions in excess of £235,000 (£225,000), whether
personal or by the employer, may be subject to income tax on the
individual at 40%.