What happens to my pension if I give up work?If you have been a member of either a company or personal pension scheme, and you are thinking about giving up work due to pregnancy, you will need to review your pension arrangements. Pensions have special tax allowances which mean you get tax relief on your contributions. As a result, you are only allowed to contribute to a pension if you have ‘net relevant earnings’. In broad terms this means either a salary or income as a self-employed person. |
