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Is my pension taxable?

You get tax relief on all payments made into your pension, including those from third parties, but not payments made by your employer.

This means you only pay tax when money goes out, not when it comes in.

When you take your pension money you can normally take 25% tax free - up to a maximum of £268,275 across all your pensions.

As you approach your retirement age, we’ll give you all the details you need, but you can always visit MoneyHelper Link opens in a new window for more info.