Find out if you're getting the most from your pension - claim higher rate tax relief today!

According to Scottish Widows, up to a quarter of higher-rate taxpayers do not claim all the tax relief they are entitled to on their pension contributions.
Too many taxpayers believe that all of their pension tax relief is automatically credited to their pension pot, but that’s incorrect.
Many savers have to actively claim back the 20% tax relief above the basic rate, to get the full 40% so I explain how to do just that in this video.
Contact your local tax office by telephone: Tax 0300 200 3300; Self Assessment 0300 200 3310.
Contact HMRC about self assessment: www.gov.uk/gov...
Other videos about pensions you might like: • Pensions
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[@TheRetirementCafe]

Do you know how to claim back higher rate tax relief on your pension contributions?

[@mattsennett]

Really good video Justin and I can't believe how many don't claim the higher rate back!!

[@arsenalfootballuk]

Great info in a 5 minute video! This is exactly what I was looking for, thank you!

[@thebeartruth7192]

Very clear. Thank you.

[@istvanmiklosdenes1854]

Hi. Thanks for this video. I am not surprised that " a quarter of higher-rate taxpayers do not claim all the tax relief", because this process is not clear. I am confused too what to do too. In your description I see 2 phone numbers, the second one is used for managing self assessment. That is great, but how? What they will ask? And what happens next? I mean do they send me a special form/letter via post, what I need to send back? Or do they subscript me to a certain system, where I can do this oline? I don't understand the whole assessment process, even after I read the gov page, what you posted above. 😞

[@brandneufoodie]

If I pay voluntary extra into my workplace pension scheme where it is a defined benefit pension scheme do I assume that would be taken care of as well?

[@kjeksklaus7944]

Same boat kind of, I have a private pension and I'm currently in a defined benefit pension. I'm meeting with the pension people as i am unsure if 1. I am able to increase contributions in to the defined benefit pension 2. If so do I get tax relief, or is it better to just fund my private pension.

[@MusicRelatedCandy]

What happens if you put the claimed money back into the pension as a top up? Can you claim tax relief on that contribution too? And so on... Does the maths just work?