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Financial Jargon Buster Dictionary

This glossary is provided for information only and is not regulated by the Financial Services Authority.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Net Relevant Earnings

Net Relevant Earnings are used to determine the maximum contributions to a Retirement Annuity, Personal Pension or Stakeholder Pension.

Net Relevant Earnings are your relevant earnings less: allowances deductible for tax in relation to business purposes e.g. some capital allowances; stock relief (only for tax years prior to 1984/85), losses from business

Please note that mortgage interest, personal tax relief and other allowances are not deducted. The calculation of net relevant earnings for any individual case should be referred to a suitably qualified person, such as an accountant or the local tax inspector.

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Mercier Allen and Associates Limited (Registered Office: 43-44 Carfax, Horsham, West Sussex RH12 1EQ; Registered in England and Wales Number 5440169) is a trading name of Mercier Allen and Associates Limited an appointed representative of The On-Line Partnership Limited which is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk). Mercier Allen and Associates Limited is a Limited Company.

We give our clients the opportunity to pay us a fee if they wish; our normal fee is £250.

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