| Tax relief on pensions is a lovely little perk from the government to help you save for your future. When you put money into your pension with Cushon, you essentially pay less income tax. If you're a basic rate taxpayer, you'll get 20% tax relief. If you're a higher or additional rate taxpayer, you'll enjoy 40% tax relief. It's all done by us, so there's nothing you need to do. Here's an example: if you contribute £1,000 into your pension, we add an additional £250, which we then reclaim from HMRC. This results in a total contribution of £1,250. Free money, basically! |
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