What is the tax top-up scheme?
We have a net pay scheme, which means pension contributions come out of your pay before income tax is taken off. If you’re a taxpayer you get automatic tax relief, but if you don’t pay tax you don’t get any tax relief. 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 in a tax year (April to April), we promise to top up your pension savings by the amount of tax relief you’ve missed out on for that year.
Who can apply?
You can apply for a tax top-up if you earned less than £12,570 in total earned income for the 2023-2024 tax year (6 April 2023 to 5 April 2024).
How to apply
To apply, please submit our claim form by 31 December 2024.
You’ll also need to give HMRC permission to tell us about your tax situation. You can do this on our claim form.