Don’t miss out on pensions tax perks

Getting your tax return wrong could mean missing out on valuable tax relief on your pensions. David Prosser explains how to avoid it.

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Check you're getting your due from the taxman

Getting your tax return wrong could mean missing out on valuable tax relief on your pensions. For most people, the key information to declare is any contributions made to a private pension either your employer's scheme, or your own private pension. You're entitled to tax relief at your highest marginal rate of income tax: 20% for basic-rate taxpayers, 40% or 45% for those on the higher rates but you only get 20% automatically.

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David Prosser
Business Columnist

David Prosser is a regular MoneyWeek columnist, writing on small business and entrepreneurship, as well as pensions and other forms of tax-efficient savings and investments. David has been a financial journalist for almost 30 years, specialising initially in personal finance, and then in broader business coverage. He has worked for national newspaper groups including The Financial Times, The Guardian and Observer, Express Newspapers and, most recently, The Independent, where he served for more than three years as business editor.