Tax on your Private Pension Contributions

Your private pension contributions are tax-free up to certain limits. 

This applies to most private pension schemes, for example: 

  • workplace pensions 
  • personal and stakeholder pensions 
  • overseas pension schemes that qualify for UK tax relief - ask your provider if it is a ‘qualifying overseas pension scheme’ 

You pay tax when you take money out of a pension (external link)

Limits to your tax-free contributions  

You usually pay tax if savings in your pension pots go above: 

You also pay tax on contributions if your pension provider: 

  • is not registered for tax relief with HM Revenue and Customs (HMRC) 
  • does not invest your pension pot according to HMRC’s rules  

See Also: