In Brief: In a recent survey, 27% of people did not know how pension tax relief works #RetirementReady
Thursday, 30 September 2021
But this fundamental aspect of pensions remains a mystery to many people with 27% of people admitting they have never even heard of tax relief, according to new research[1].
Findings identified that only 15% of those surveyed said they fully understood how tax relief on pension contributions work, while a further 31% said they had some understanding. The remaining 27% said they had heard of pensions tax relief but did not know how it worked.
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