Around 1.4 million people already claim Pension Credit. But many others who could claim it, don’t. The Department for Work and Pensions (DWP) believes up to £2.1bn in Pension Credit is left unclaimed every year. That could make a big difference to a lot of people’s heating, council...
For a full breakdown of how that works across the UK and in Scotland (where tax rates are a bit different), take a look at ourPension tax relief and benefitsarticle. How much should my pension contributions be? That depends on a range of different factors. They include: ...
Intermediate (21%), higher (41%) and advanced-rate (45%) taxpayers in Scotland. If someone else contributes to your pension You can’t claim back tax relief on your employer’s contributions to a workplace pension. But if your spouse or someone else makes personal contributions to your pen...
Income tax relief in Scotland If you pay income tax in Scotland, you’ll still get the 25% top up, which is equivalent to 20% at source. Any additional tax relief you can claim from HMRC will differ. This table shows the different levels of tax relief you can get on a £10,000 ...