…. pay money into your pension. Paying into a pension means money qualifies for income tax relief. For a basic tax-rate payer this means that for every 80p you pay into your pension, the government pays in 20p. If you are a higher rate taxpayer the saving is even greater – for every 60p you save, another 40p is added by the government. If you are a UK resident, under the age of 75 and not drawing from your pension fund then you can contribute up to £40,000 per annum into your fund. S4B are Profit Consultants and Chartered Accountants based in Maidenhead. To see how we can help you contact one of our team at [email protected] or call us on 01628 623444.