Pensions: Are you missing out on your share of £225 million?

Piggy bankNew research has found that millions of pounds are going unclaimed, as higher rate taxpayers fail to pay into a pension or claim the right amount of tax-relief due to them. Research from the Prudential found: Higher rate taxpayers are missing out on £225 million in tax-relief by not paying into a pension Astonishingly, 10% of higher rate taxpayers make no pension contributions at all For those higher rate taxpayers who do pay into a pension the average annual contribution is £6,276, way below the maximum allowable amount of £40,000 per year 15% ...