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

Defensive income before retirement: A four layered framework

Defensive income before retirement: A four layered framework

Entering decumulation can be an unsettling time for clients

Joe Simpson
clock 10 August 2026 • 4 min read
The FCA's decumulation challenge: Can UK REITs help deliver sustainable retirement income?

The FCA's decumulation challenge: Can UK REITs help deliver sustainable retirement income?

A look at the three Ss of retirement income

James Peel
clock 04 August 2026 • 7 min read
What the decumulation shift means for advice firms, and how the best are responding

What the decumulation shift means for advice firms, and how the best are responding

'Technology is part of this picture in ways that are worth being honest about'

Andy Zanelli
clock 14 July 2026 • 4 min read