Jacqueline Clezy: Help! I need a refund on my pension contribution

When is a refund allowed?

clock • 8 min read

Paying taxes is part of our contribution to society but, writes Jacqueline Clezy, surely nobody wants to make tax-efficient pension provision that turns out to be less efficient than actually planned

The end of the tax year has been and gone, P60s have landed on doormats and, with no changes to the pension tax relief rules, it is now possible to work out accurate relevant earnings - especially so for those clients with variable earnings, such as those who are self-employed. But what happens if these calculations show that pension contributions made during 2018/19 are not fully entitled to tax relief? It is important to remember that tax relief limits and the annual allowance rules work separately. Here is a rundown of the basics. Tax relief on pension contributions An individual...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Why we plan holidays, not retirements: Changing the client conversation

Why we plan holidays, not retirements: Changing the client conversation

'This is scary for us as an industry but even more scary for us as a nation'

Verona Kenny
clock 04 June 2025 • 4 min read
Inflation drives 'modest' rises in PLSA's Retirement Living Standards

Inflation drives 'modest' rises in PLSA's Retirement Living Standards

Majority of pre-retirees expect to live with someone else in retirement

Martin Richmond
clock 03 June 2025 • 8 min read
PA360: The 'human' element of retirement planning becoming ever more important

PA360: The 'human' element of retirement planning becoming ever more important

Retirement panel on client-centric approaches

Isabel Baxter
clock 02 May 2025 • 3 min read