⚠️ Hey, you are using an outdated web browser.
TaxScouts might not work with your browser. Upgrade here

Let us sort your Self Assessment online. £119, all in. Learn more

Workplace pension

A workplace pension is a way of saving for your retirement that’s arranged by your employer.

It works by your employer putting a percentage of your pay after tax into a pension scheme every payday.

You can also contribute and “top up” what you’re getting from your employer. You’ll also get a basic rate (20%) tax relief on these contributions – usually the pension provider will get it for you and add it to your pot. This is called “automatic relief”.

However, if you earn over the higher tax rate threshold (£50,000 in the 2020/21 tax year), you can claim additional tax relief (another 20% or 25%). You do this by filing a Self Assessment tax return.

Hey there! We really hope this article helped you. Tax matters can be a dreadful topic at times. We know. That's why we started TaxScouts.
A stress-free way to getting your taxes done.

Have a minute? See how it works

More guides & useful information

Related terms

Let us sort your Self Assessment online. £119, all in.

That’s right. No matter how complicated it gets or why you need to do a return in the first place, it’ll cost £119 to get it done. That includes VAT, last-minute changes and all the support you may need.

How it works

Answer a few simple questions

And we mean a few. After a couple of minutes of answering questions online we’ll have everything we need to start working on your tax return.

Then get paired with a tax accountant

That’s right, you’ll be matched with a real accountant who is best suited to prepare your return. Plus, they’re on hand for questions whenever you need.

We file your Self Assessment for you

Once you’ve signed off your return, your TaxScouts accountant will file your return online with HMRC. That’s it! We told you it was simple.