For most people, pension tax relief comes in the form of government top-ups on any contributions made equivalent to their income for the year, up to the annual allowance of £40,000. If you’re a UK taxpayer, in the tax year 2020-21 the standard rule is that you’ll get tax relief on pension contributions of up to 100% of your earnings or a £40,000 annual allowance, whichever is lower. Tax relief on pension contributions for high earners. You can get tax relief on private pension contributions worth up to 100% of your annual earnings. Even though this annual allowance is reduced for high earners, you can still benefit from generous tax-relief benefits.
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