Higher earners missing out on millions in pension tax relief - Prudential

The provider said one in ten higher rate taxpayers, who have an average annual salary of £63,000, are currently not making pension contributions. The poll showed respondents who did make additional personal contributions to a defined contribution company scheme put away an average of £523 a month gross, getting tax relief of just over £200 a month or £2,500 a year directly into their pension fund. Prudential tax specialist Clare Moffat said: "Saving into a pension offers valuable tax relief to all workers and particularly to higher rate taxpayers. With a lower threshold for higher rat...