Tax on your Private Pension Contributions

Tax on your Private Pension Contributions

Your private pension contributions are tax-free up to certain limits.
 
This applies to most private pension schemes, for example:
  • workplace pensions
  • personal and stakeholder pensions
  • overseas pension schemes that qualify for UK tax relief - ask your provider if it is a ‘qualifying overseas pension scheme’
You pay tax when you take money out of a pension.

Limits to your tax-free contributions

You usually pay tax if savings in your pension pots go above:
You also pay tax on contributions if your pension provider:
  • is not registered for tax relief with HM Revenue and Customs (HMRC)
  • does not invest your pension pot according to HMRC’s rules
See Also:
For further information: