Back to today’s briefing

Story perspectives

Only 31% Understand Pension Tax Relief, Study Reveals

1/12/2026

33 5 Full Breakdown

Summary

Story summary

A study by Hargreaves Lansdown finds only 31% understand pension tax relief.
Helen Morrissey says greater awareness is needed to help people maximize retirement savings.
The government tops up pension contributions, up to £60,000 annually.
Self-Invested Personal Pensions (SIPPs) let non-earners benefit from tax relief.
Higher-rate taxpayers must actively claim extra refunds, which often go unclaimed.

1 of 1

Story summary

A study by Hargreaves Lansdown finds only 31% understand pension tax relief.
Helen Morrissey says greater awareness is needed to help people maximize retirement savings.
The government tops up pension contributions, up to £60,000 annually.
Self-Invested Personal Pensions (SIPPs) let non-earners benefit from tax relief.
Higher-rate taxpayers must actively claim extra refunds, which often go unclaimed.