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You asked: What is tax relief?

The  government gives you basic rate tax relief on payments you make into your pension up to the annual allowance (or 100% of your salary if lower). The current rate of tax relief for basic rate tax payers is 20%, which means if you pay £16 a month into your pension plan, the government will add £4. If you're an additional or higher rate taxpayer, you may be able to claim additional tax relief through your self-assessment.

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