21/10/2026
💷 Earning over £50,000 and paying into a pension?
You could be missing out on valuable tax relief.
When you pay into a personal pension using a relief at source scheme, your pension provider normally claims 20% basic-rate tax relief from HMRC and adds it to your pension.
So if you pay in £80, it becomes £100 in your pension.
But if you’re a higher-rate taxpayer, you may be entitled to additional tax relief on your pension contributions.
And this is the bit many people miss…
That extra relief usually isn’t automatically added to your pension pot. Depending on your circumstances, you may need to claim it through your tax return or contact HMRC.
For example, if you paid £5,000 into a relief-at-source pension, your provider could claim £1,250 in basic-rate relief, making £6,250 invested. If you’re entitled to higher-rate relief on the relevant contribution, there may be further tax relief available.
And if you’ve missed claiming relief in previous years, you may be able to make a backdated claim, subject to the rules and time limits.
It’s worth checking.
At In The Black, we help our clients understand what tax relief they could be entitled to and make sure they’re not overlooking opportunities to keep more of their money.
💬 Think you might have missed out? Get in touch and we’ll take a look at your position.
In The Black - doing more for your money.
**This is general information, not financial advice. Tax relief depends on your circumstances and the type of pension contribution you make.
