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Home FAQs Personal & Private Pensions What are the tax benefits of a personal pension?
What are the tax benefits of a personal pension?

What are the tax benefits of a personal pension?

Find clear, straightforward answers to common questions about pensions, retirement planning, investments, fees and charges, and the services we provide.

One of the major benefits of a personal pension is the tax relief added to your contributions. Basic-rate taxpayers receive an automatic 20% top-up, while higher-rate taxpayers can claim an extra 20% through self-assessment. Additional-rate taxpayers can claim a further 25% on top.

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