Pension tax relief calculator
How little could your pension contribution cost you?
You can receive up to 45% pension tax relief for this tax year (2017/2018) when you make a contribution to a pension such as the Vantage SIPP. Basic, higher and top rate taxpayers can benefit: the higher your rate of tax, the more you could receive.
Calculate the tax relief you could receive on your lump sum personal pension contribution
Why have we used these figures?
The chancellor will announce the outcome of a review of pension tax relief on 16 March 2016. It has been widely reported he is considering introducing a single savings incentive of between 25% and 33% for everyone.
It is important to note nothing has been confirmed. The chancellor could decide to change nothing or choose a different system.