Originally Posted by
Chicken Pox
Do you contribute to workplace pension direct from salary? If so as above your pension company claims the basic 20% rate of tax only, if you are higher tax bracket you need to claim the relief yourself via self assessment if not already doing so. It's a nice wheez that that they don't automatically tell you you've overpaid tax. I believe this does not apply if your pension contribution is via salary sacrifice (but I'm no expert)
You should get statement from your pension company e.g. your company contributed x, you contributed y and you received z in tax relief.
Had a quick check on my pension and under Tax Relief:
When you pay into your workplace pension from your salary after income tax has been taken, the Government gives you an extra bonus known as tax relief. This means that for every £80 you pay in, £20 is automatically added to your pot.
If you pay a higher rate of tax, you may be able to claim more tax relief through self-assessment. You won’t receive tax relief on any pension pots you transfer to us. Please also be aware that tax rules can change.
If you pay into your workplace pension through a salary sacrifice arrangement offered by your employer, payments are taken from your salary before tax and don’t receive tax relief.
If you’re not sure if your workplace pension has a salary sacrifice arrangement in place, please speak to your employer.