If you are a member of an occupational pension scheme of your
employer then the method of obtaining tax relief on contributions
to that scheme will be determined for you. You will either make
contributions from your gross pay using the ‘net pay
arrangement’ or alternatively you will make contributions
from your after tax pay using the ‘relief at source’
method. Whilst the method of obtaining relief on your contributions
from your earnings may differ they will ultimately produce the same
result meaning you will receive an identical level of tax relief on
your contributions.
If for some reason you are unable to take advantage of these
arrangements you may be able to make an individual claim for relief
to your Tax Office. See
RPSM05101360.
| Glossary ( RPSM20000000) |
