From 6 April 2011 the maximum sum that can be held in a pension scheme will reduce to £1,500,000 from the level in the 2010/2011 fiscal year of £1,800,000. Furthermore the maximum amount that can be invested into a pension scheme will be reduced to the higher of £3,600, the level of an n individual's salary, or £50,000, whereas in the fiscal year 2010/2011 the maximum possible level of contribution was £255,000. Please note this relates to the Pension Input Period (PIP) set for pension plan and if this ends after 6 April 2011 these new limits may already apply to an individual's pension arrangements.
Individuals will now, however, be able to 'carry forward' three years unused pension contribution relief.
The Special Annual Allowance will still apply in the fiscal year 2010/2011 for all individuals earnings in excess of £130,000 and care must be taken when making high pension contributions.
From 6 April 2010 the earliest age at which an individual can take benefits from their pension plan will increase to 55 years.
Commutation of pension assets by reason of triviality will still apply upon pension assets of up to £18,000, at the age of 60 years. | 
