Understanding Pension Tax Relief in the UK (2024-25)Pension tax relief in the UK is a vital mechanism designed to encourage individuals to save for retirement. The system works by offering tax incentives on money saved into pension schemes. As of the 2024-25 tax year, several significant changes have been implemented, impacting how these reliefs apply and the overall strategy for retirement saving.How Pension Tax Relief WorksPension contributions in the UK benefit from tax relief, meaning you ge