Retirement tax relief: the best deal in your tax system
Chapter 1 of 5
The idea
For a higher-rate taxpayer, $60 of take-home pay can put $100 into a retirement pot.
How relief works
In many countries, money you put into a retirement account comes from before-tax pay, or the government adds back the tax. The higher your tax rate, the bigger the boost. You'll likely pay some tax when you take it out, often at a lower rate. Details vary by country.
Predict first
A higher-rate (40%) taxpayer wants $1,000 in their pension. What does it really cost them after all relief?
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