Know your limits - pension lifetime allowance
Protect your pension savings by applying for fixed protection if you think you'll have mor...
State Pension age changes
If you were born in the 1960s, you could be affected by the change to State Pension age.
Workers to join company pension
To help people save for their retirement, all employers will need to enrol workers into a workplace...
Court ruling spells end for pension unlocking schemes
Plans giving savers early access to their pensions cash are to be outlawed.
Choose who gets your death benefits
Choose who you want to receive the death benefits from the co...
Get more from the tax man
Paying into PensionSaver? Higher rate taxpayers can claim additional tax relief.
Members warned about pension unlocking schemes
Schemes that offer you the chance to cash in your pension early are not in your best interests.
Pensions and the annual allowance
How the annual allowance may restrict tax-efficient pension savings.
State Pension basics
The way it works and how you can find out what you'll get from the State.
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Get more from the tax man
If you are a higher rate taxpayer paying into PensionSaver, you can claim additional tax relief on your pension contributions.
Basic rate tax relief is provided without you having to do anything. Your contribution plus basic tax relief will be paid into your pension account.
So, based on the current basic rate of 20% each £1 you pay into your pension account will only cost you 80p. The basic rate tax relief (in this case 20p) is claimed directly on your behalf from the tax man by Fidelity and paid directly into your account.
If you are a higher rate taxpayer you may be able to claim additional relief by completing the relevant section of your self assessment tax return. If you do not complete a tax return, we suggest you contact your local tax office so you don't lose this tax benefit.
If you want to claim additional tax relief immediately, you can ask your local tax office to amend your tax code mid-year by sending them a letter and a 'Pension Statement' that confirms your plan membership and contributions which you can get from Fidelity's Pensions Service Centre on 08457 234 235.
Remember to inform the tax office every time the level of your contribution changes. You can backdate your claim for tax relief from the date you started paying into PensionSaver.
Source: Time For Money