23/06/2026
Are you creeping into the higher-rate tax band?
A pension contribution doesn't just help fund your retirement — it can also extend your basic rate tax band, meaning more of your income is taxed at 20% rather than 40%.
📊 Example:
Income: £65,000
Gross Pension Contribution: £10,000
✅ Basic rate band extended by £10,000
✅ £10,000 of income that would have been taxed at 40% is instead taxed at 20%
✅ Potential tax saving of £2,000
Plus, your pension receives tax relief at the same time.
It's one of the most effective tax planning opportunities available for business owners and higher earners.
Need help reviewing your tax position before the year end?
📞 01782 939302
📧 [email protected]