Pensions Tax Allowances and Relief
Pension Tax Relief
There have been a number of changes to pension tax relief over the last few years with regards to capping how much you can pay into pensions and tax relief that is offered.
Private Pension Scheme Tax Relief - e.g. Personal Pensions, Stakeholder Pensions
Is there a limit to how much tax relief you can receive?
All pension fund contributions are limited to the annual allowance i.e. if you or your employer or a combination of the two pay in too much (currently £40,000.00), you may face tax penalties.
Company Pension Scheme Tax Relief
For pension advice and help with tax returns for pensions: contact us.
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