a couple walk on the beach at scarborough pension contributions are boosted by taxe relief so anything you pay in now will worth more than it is in your pocket photograph richard -- the great thing about pension contributions is that they are boosted by taxe relief so whatever you pay in will worth more in your retirement fund than it would in your pocket for a basicrate -- subsidised by the government you get your money back relatively quickly and after about four years allowing for taxe you are usually in profit” he says “the main groups who should wary are people in -- are holding in there may work harder for you if you paid it into your pension – and it will get taxe relief as soon as you do if you are a basicrate taxepayer putting in a lump sum of £ will result in -- it in a pension can the most lucrative thing you could do with it thanks to taxe relief and longterm investment growth” oe connor says “the earlier you do it in working life the bigger the impact” -- £m and separately anything you pay in above £ a year will not get a taxe benefit