Tax relief

Every payment you make into a pension plan that is within the annual allowance limit (£235,000 for tax year 2008/2009 - see Stakeholder - 'How much should I save?') is entitled to tax relief - normally at your highest rate. For basic-rate taxpayers and for those who do not pay tax, the tax relief is automatically added to your payments.

Example of tax relief for basic-rate taxpayers and those who do not pay tax:

Barchart Tax Benefits

For higher-rate taxpayers, basic rate tax relief is automatically added to your payments. You can then claim an additional 20% tax relief through your annual tax return.

Example of tax relief for higher-rate taxpayers:

Barchart Tax Benefits Higher Relief

Note:



This website is intended for the information of residents of the United Kingdom. Standard Life Assurance Limited (SC286833), Standard Life Bank plc*, (SC173685), Standard Life Client Management Limited (SC193444) and Standard Life Savings Limited (SC180203) are all registered in Scotland at Standard Life House, 30 Lothian Road, Edinburgh EH1 2DH. Standard Life Investments Limited (SC123321) and Standard Life Investments (Mutual Funds) Limited (SC123322) are both registered in Scotland at 1 George Street, Edinburgh EH2 2LL. All companies authorised and regulated by the Financial Services Authority (* except for Standard Life Bank plc's "Buy to Let" mortgages).

© 2008 Standard Life