The Martin Lewis Podcast cover image

Beat water bill increases, student finance & biggest ever savings

The Martin Lewis Podcast

00:00

Can I Get Tax Relief if I'm Over 16?

Even those who don't earn can get the equivalent of 20% tax relief in a pension. In this case, the maximum amount that can be put away is £2,880 a year. Pension companies would automatically top it up to the £3,600 saved by what's called relief at source with the 20% added by the state. So, you do get tax relief even though you're not a taxpayer. And this applies to anyone, unless there's certain rules when you're older and if you've got another certain amount in your pension - including under 18s.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app