Pensions Guide | Pensions Help Product Information

TheMoveChannel.com | Tax Relief

You will usually get tax relief on your contributions to a private pension scheme. This tax relief is available to everyone who pays into a stakeholder pension scheme, even those who do not pay tax.With a basic rate of income tax of 22 per cent, every £100 that goes into your pension costs you £78 (based on the tax year 2002/03).

If you pay income tax at the higher rate of 40 per cent, every £100 that goes into your pension scheme costs you £60 (based on the tax year 2002/03).