The £60,000 pension rule catching workers out – and many don't realise for years

Why are more people falling into the pension tax trap? The problem is that many people don't realise employer pension contributions count towards the calculation. Recommended readingHow to avoid an unexpected pension tax billExperts say anyone whose income has increased significantly should review their pension contributions before the end of each tax year. Key steps include:Checking pension contributions across every pension scheme. Factoring in bonuses, salary increases and employer pension contributions.