According to Scottish Widows, up to a quarter of higherrate taxpayers do not claim all the tax relief they are entitled to on their pension contributions.

Too many taxpayers believe that all of their pension tax relief is automatically credited to their pension pot, but that’s incorrect.

Many savers have to actively claim back the 20% tax relief above the basic rate, to get the full 40% so I explain how to do just that in this video.

Contact your local tax office by telephone: Tax 0300 200 3300; Self Assessment 0300 200 3310.

Contact HMRC about self assessment: https://www.gov.uk/government/organis...

Other videos about pensions you might like:    • Pensions  



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