Because we operate a net pay scheme, pension contributions come out of your pay before income tax is taken off. Taxpayers get automatic tax relief but if you don’t pay tax you don’t get any tax relief – so the amount added to your retirement savings in the Scheme is lower than if you were a taxpayer. NOW: Pensions wants to make sure non-taxpayers don’t miss out, so we have our own tax top-up scheme.
If you haven’t paid tax on any of your UK earnings, we promise to top up your pension savings by the amount of tax relief you’ve missed out each tax year. You can do this at the end of each year.
To apply for your tax top-up, please fill in a claim form. You’ll also need to give HM Revenue & Customs permission to tell us about your tax situation.