2min chapter

The Martin Lewis Podcast cover image

Beat water bill increases, student finance & biggest ever savings

The Martin Lewis Podcast

CHAPTER

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.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode