Prudential customers may find the below information taken from their January 2025 newsletter useful.
Tax Relief
Each time you pay money into your pension pot, you benefit from tax relief, helping you save more for your future. With the tax year end approaching, it is important to think about maximising your available tax relief. You may want to consider topping up your contributions to boost your pension.
To see how much you could boost your pension, try Prudential’s calculators to explore the impact of increasing your contributions:
Retirement contributions calculator
Income tax and tax relief calculator
Prudential recommend you get financial advice to help you make decisions about your pension and retirement options. If you don’t have a financial adviser, you can find one at unbiased.co.uk.
The amount of tax relief depends on the rate of income tax you pay, if you pay tax in Scotland or the rest of the United Kingdom and the method through which you make your pension contributions. Tax relief will depend on your individual circumstances and rules can also change.
Care and Support Hub
Prudential’s new Care and Support Hub is designed to inform and support you and your loved ones. Visit the hub now to find:
- Guidance on how Prudential can help you when certain life events happen or if you have money worries
- Links to external resources and charities that offer further support, information and financial advice.