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Pensions Tax Reliefs

Download our fact sheet on Pensions Tax Reliefs here.

15 March 2023

There are two broad types of pension schemes from which an individual may eventually be in receipt of a pension:

• Workplace pension schemes
• Personal Pension schemes.

A Workplace pension scheme may either be a defined benefit scheme or a money purchase scheme. A defined benefit scheme pays a retirement income related to the amount of your earnings, while a money purchase scheme instead reflects the amount invested and the underlying investment fund performance.

Download the full factsheet here.

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