The tax relief you can claim on your pension contributions will depend on the amount you contribute and on the level of income tax you pay. Contributions to a personal pension are topped up by the government at the basic rate of 20%, so a £1,000 contribution will only cost you £800. Fidelity will claim this automatically on your behalf. For those who pay income tax at a higher rate (i.e. 40% and 45% for individuals living in the UK) you will be able to claim the additional tax relief through your tax return or by writing to HMRC. You can find out more about tax relief on our tax relief page.
If you are self-employed through a limited company and make contributions through that company, the company may be able to claim corporation tax relief. If your contributions are made through a limited company personal tax relief will not be available on those contributions.