[sgt101]

But you are allowed to save all of that 20k in a pension fund and pay zero on it. Up to 40k a year and 1m in your life.

[desas]

Pay zero on it now. You'll be paying on it when you withdraw

[sgt101]

Well, that depends.

You can take 25% tax free.

And yes, you have to pay tax on the lot, but If you are paying 60% then momma, you are having a retirement and a half.