One of the two ways you can get tax relief on the money you add to your pension pot.
Relief at source means your contributions are taken from your pay after your wages are taxed. Then we automatically claim tax relief for you, adding the basic tax rate of 20% to your pension contributions.
- If you pay a higher rate of tax, you’ll need to complete a Self-Assessment tax return and submit it to HMRC to claim the extra tax relief.
- The alternative is net pay arrangement.