The government tops up your personal pension contributions with a 25% tax relief contribution.
Penfold claims this tax relief for you. It takes the government around 2-3 months to send this tax relief over, and once it’s in your pension we’ll drop you an email to let you know. 😃
Remember, tax relief contributions like so are not eligible for contributions made by a limited company or your employer. And, the amount that you receive in tax relief is dependent on your individual financial situation which may change in the future.