Pension contribution

Verified against HMRC and gov.scot sources · Last reviewed 23 May 2026
Pension contribution — A pension contribution is any payment into a UK registered pension scheme. Contributions reduce your taxable income (or get tax relief added) and are capped at £60,000 a year for full tax relief — the annual allowance. Contributions can come from you personally, your employer, or via salary sacrifice.

The three contribution methods

UK pension contributions reach your pot via one of three routes — and the route matters for how tax relief works:

  • Salary sacrifice — gross salary reduced before any Income Tax or NI is calculated; the sacrificed amount goes directly to the pension. Most efficient.
  • Net pay arrangement (occupational pensions) — contribution comes off gross before Income Tax (but after NI). You get full tax relief automatically at your marginal rate.
  • Relief at source (personal pensions and most modern workplace schemes) — contribution comes off your take-home pay; the pension provider claims basic-rate relief from HMRC and adds it to your pot. Higher and additional-rate taxpayers claim the extra relief via Self Assessment.

The annual allowance

For 2026/27 you can contribute up to £60,000 (or 100% of your relevant earnings, whichever is lower) into pensions and get tax relief on every pound. This is the annual allowance — it counts contributions from you, your employer, and any salary sacrifice combined.

For high earners with adjusted income above £260,000, the allowance tapers down by £1 for every £2 above the threshold, to a minimum of £10,000 at adjusted income of £360,000. This is the tapered annual allowance.

Carry-forward

If you haven't used the full annual allowance in the previous three tax years, you can carry forward the unused allowance. Useful for one-off large contributions — for example, after receiving a bonus or inheritance.

Auto-enrolment

UK employers must automatically enrol eligible employees into a workplace pension. From age 22, earning at least £10,000 a year, you're auto-enrolled at the statutory minimum: 5% from you and 3% from your employer of qualifying earnings. Many employers match higher contributions — always check.

Tax-free withdrawal

From age 55 (rising to 57 in 2028), you can take 25% of your pension pot tax-free. The remaining 75% is taxed as income when withdrawn. For most savers, this makes pension contributions one of the most tax-efficient long-term saving structures in the UK system.

Related glossary terms

Sources

All figures on this page are sourced from official UK government publications. We don't cite secondary commentary or other calculator sites.

  1. GOV.UK — Tax on your private pension contributions
  2. GOV.UK — Annual allowance
  3. MoneyHelper — Pension types

For the calculation methodology behind every figure on this page, see our methodology. For our review and update process, see our editorial standards.

Last reviewed: 23 May 2026. Next review due 23 November 2026.

Disclaimer: This page provides general information based on published HMRC and gov.scot figures. It is not personal tax or financial advice. For your specific situation, please consult a qualified accountant or contact HMRC directly.