Unclaimed tax relief tops £800m

During the 2018/19 tax year, new stats1 have shown that  over 1.5 million of the UK’s  highest earners failed to  claim tax relief worth an estimated £810m.

Although higher rate taxpayers benefit from 40% tax relief, eight in ten failed to use their Self-Assessment tax return to claim it during the tax year. Meanwhile over half (53%) of additional rate taxpayers failed to claim the 45% tax relief for which they were eligible. 

1Pension Bee, 2021 

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