Money & Business
MSE’s Academy of Money
...English, it means the government tops up your pension, which is great. Say you are a basic rate taxpayer and you put £80 into your pension of your own cash – what actually happens is £100 goes in. That’s because if you earn £100 you’ll only see £80 of it after tax, so the government puts the £20 difference in your pot. For most people, all tax relief will...