Higher paid workers urged to claim 40% pension tax relief

The provider said this works out to more than 290,000 employees, missing out on almost £300m every year. The research also found fewer than one in five (19%) higher rate taxpayers knew whether they had claimed tax relief or not, while only 22% said they did claim all the pension tax relief they were entitled to. It added, this relief could be worth an additional £1,020 every year to a higher rate taxpayer. According to HM Revenue & Customs, 55% of the estimated 900,000 higher rate taxpayers in the UK contribute to defined contribute (DC) schemes. Prudential said these workers br...