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22 January 2010

Pension - Tax Relief

In the article Pensions For Beginners [url=http://www.lovemoney.com/news/saving-for-retirement/pensions-for-beginners-all-you-need-to-know-21.aspx]http://www.lovemoney.com/news/saving-for-retirement/pensions-for-beginners-all-you-need-to-know-21.aspx[/url] It mentions that you are not taxed on the money you put into the pension. This suggests that any contributions are made before tax. Is this in addition to tax relief at 20%? Thanks James

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