HMRC has announced that the notional earnings cap for 2010/2011 will be £123,600. This is the last time HMRC will be publishing a notional earnings cap figure (because it agreed to publish a figure only for the five years from 6 April 2006). In future schemes will have to calculate it for themselves using the method set out in s590C Income and Corporation Taxes Act 1988.

HMRC’s announcement can be viewed here