Pension Allowance

The Pension Allowance lets UK individuals contribute up to £40,000 each tax year into a private pension scheme. You will then get tax relief on these contributions.

How to Claim It

If you are employed, your employer will give you the tax benefit of your pension contributions every time they pay you. Otherwise, you’ll need to claim your tax relief on your tax return.


About Anita Forrest

Anita Forrest is a Chartered Accountant, spreadsheet geek and money nerd helping financial DIY-ers organise their money so they can hit their goals quicker.