According to Scottish Widows, up to a quarter of higher-rate taxpayers do not claim all the tax relief they are entitled to on their pension contributions.
Too many taxpayers believe that all of their pension tax relief is automatically credited to their pension pot, but that’s incorrect.
Many savers have to actively claim back the 20% tax relief above the basic rate, to get the full 40% so I explain how to do just that in this video.
Contact your local tax office by telephone: Tax 0300 200 3300; Self Assessment 0300 200 3310.
Contact HMRC about self assessment: [ Ссылка ]
Other videos about pensions you might like: [ Ссылка ]
----------------
📗 Buy my new book: The Retirement Café Handbook – Nine Accelerators for a Successful Retirement: [ Ссылка ]
Thanks for checking out my You Tube channel - I’m Justin King and my aim is to help people to live successful lives. That often involves understanding your money.
If you enjoy this video, please press the like button to help more people like you find my channel.
If you're planning your retirement and want to make the best use of your wealth to provide for your family throughout retirement and beyond, or work out how best to pay for a loved one’s care, I may be able to help you.
As a Chartered Financial Planner at boutique retirement planning practice, MFP Wealth Management, I help successful people retire with complete confidence.
To explore whether I could help you, get in touch at [ Ссылка ].
Get my weekly newsletter: [ Ссылка ]
Check out my podcast: [ Ссылка ]
Connect with me: On Twitter: [ Ссылка ]
On LinkedIn: [ Ссылка ]
This video is for information and entertainment only. Nothing on this channel constitutes financial advice. Please do not make any decisions based on the contents of my videos; seek professional independent financial advice first!
