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How much can I pay into a pension?

There isn’t a limit on how much you and your employer can pay in to your pension. However, there’s a limit on how much those payments can benefit from tax relief.

Most employed people can get tax relief on pension payments. This is up to either 100% of their salary, or a gross annual allowance of £60,000 which includes payments and tax relief, whichever is lower.

If you have unused allowance from previous tax years, this amount can be higher. You may have a lower limit if you’re a high earner or you’ve already accessed your pension benefits.

Even if you don’t pay income tax, you’ll still get tax relief on the first £2,880 you pay in each year.

To find out more, have a look at gov.uk Link opens in a new window.