Yes, all personal contributions you make to your Compound pension qualify for a tax top-up from the government, which we automatically claim on your behalf. This basic rate tax relief is added directly to your pension and usually takes about 6 to 11 weeks to process.
If you’re a higher-rate taxpayer, you can also claim an additional 20% tax relief through your Self Assessment tax return, on top of the basic rate tax relief we handle for you.
Note: The following contributions do not qualify for tax top-ups:
- Employer contributions into your pension
- Payments from your limited company bank account
- Pension transfers Employer and business contributions are pre-tax, so they don’t receive further tax relief. Pension transfers aren’t new contributions, so they also aren’t eligible for tax top-ups.
Risk warnings: Tax relief rules may vary depending on individual circumstances, and future rates may change based on UK tax regulations.
