Over 55 - pay into a pension or ISA?

AlanP_2

You can get tax relief on private pension contributions worth up to 100% of your annual earnings.

That is correct.

If your earnings were £30k and you contributed that to a pension GROSS then £6k would be 20% tax RELIEF and you would add a net £24k from your own money.

Pension contributions are best thought about at the GROSS level and most, if not all, official terminology will follow that convention. 

bigjoe

Thank you both for explaining the GROSS element as I didn't know that was the case. Every day is a school day!