According to several sources, it could be that quite a high percentage of people with private pensions are missing out on the tax relief they are entitled to.
Whilst basic rate tax relief is given at source on the contributions, in order to receive higher rate tax relief a claim has to be made.
This is something that we have helped people with – going back several years and claiming for the tax relief that would otherwise be lost.
As a result they have received significant refunds of tax, so if you know anyone who has a private pension and is being taxed at the higher rate please do put them in touch.
If they are a professional, it could be that they are also missing out on tax relief for professional subscriptions – this is another area we can help them with.