Personal contributions. Any individual under the age of 75 can contribute up to £3,600 pa to a pension. For higher contributions you are limited to 100% of your earned income up to the maximum annual allowance of £215,000 for 2006/2007. If the contribution exceeds the annual allowance for the tax year in question then the excess will be added to the individual’s income for tax purposes and the individual will pay income tax on this. In previous tax years you could "carry back" contributions to earlier tax years, or "carry forward" unused tax relief. Under the new rules, it is a case of "use it or lose it" when it comes to your annual contribution limits. Company contributions. Contributions can be paid directly from a company and will normally be allowable for corporation tax relief, although they have to satisfy the general requirement that they must be ‘wholly and exclusively’ for business purposes. Unlike personal contributions there is no direct link to earned income. The maximum "tax privileged" contribution that can be made on behalf of an individual is £215,000 for 2006/2007. In-specie contributions As we have seen you can make pension contributions using cash personally or from your company. You can also use assets that you own in leiu of a cash contribution for example: shares or property . All such contributions must be made on commercial, arms length terms. The annual allowance  Tax year            Allowance             2006-07  £215,000  2007-08  £225,000  2008-09  £235,000  2009-10   £245,000  2010-11   £255,000 Find out more about the ways that you may be able to contribute more by contacting i-SIPP on 0870 777 0368.