Eligibility
Click to unmute
ELIGIBILITY
What are the criteria?
This tax relief is available to everyone who meets the following criteria:
-
Is earning a gross salary plus benefits subject to UK tax in excess of £50,270.
-
Is contributing to a pension scheme either through your employer or through personal pension contributions.
-
The relief applies for the current tax and claims can be made for the prior three years as well.
ELIGIBILITY
Do I qualify?
If you meet the criteria above, you are entitled to higher rate tax relief on your pension contributions.
However please note that pension schemes operate in a number of ways and it is entirely possible you are not claiming the full tax relief to which you are entitled. Our mission is to review this and, if you are entitled to a tax rebate, to claim this from HMRC for you.
There are situations where your employee pension contributions are processed by your employer as a “salary sacrifice” or are deducted from your gross salary. In these situations, you are already receiving higher rate tax relief on your pension contributions and no further tax relief will be due. We are happy to review this at no cost and confirm the position to you.