Guide to pension tax relief

GUIDE TO PENSION TAX RELIEF

Whenever you contribute to your pension, the government adds money too. This tax year, the government is set to pay a record £41 billion in tax relief. This is not personal advice, but you'll learn:

How your pension contributions are instantly boosted by 20%
How some high earners could receive £58,500 in tax relief
How to claim your share of £41bn
How much you can contribute to your pension and receive tax relief

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We wrote this guide to give you useful information about pensions, but it's not personal advice. If you choose to invest, just remember that investments can go down as well as up in value, so you could get back less than you put in. You can’t normally access money in a pension until age 55 (57 from 2028). Pension and tax rules can change though, and their benefits depend on your circumstances.

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Boost your pension pot with a helping hand from the government

Whenever you contribute to your pension, the government adds money too. This tax year the government is set to pay a record £41 billion in tax relief - so why not claim your share? In this guide you'll learn:

How your pension contributions are instantly boosted by 20%
How some high earners could receive £58,500 in tax relief
How to claim your share of £41bn
How much you can contribute to your pension and receive tax relief
The restrictions for higher earners