More than one million people currently seeking professional retirement advice could be entitled to a new tax perk through their workplace.
Pension Advice Vouchers, launched in November last year, allow employees who have paid for financial advice to swap £500 of taxable salary for a £500 tax-free reimbursement.
But new reports suggest that few workplaces currently offer the scheme.
Workers have until April this year to claim on any pensions advice they have received this tax year.
The scheme can save taxpayers around £160 if they earn less than £46,000, £210 if they earn less than £101,000, and £310 if they earn less than £123,500.
Adam Price, of VouchedFor, said: “Very few employers are offering the scheme, hence few employees are aware of it.
“Access to good financial advice is so important right now. This government initiative reduces the cost by up to 62 per cent. I would urge all employees to lobby their employers for access to this scheme.
“It’s especially urgent for the 1.2 million employees who already pay for advice each year. They have only until April if they want to capture their first year’s savings.”
To find out more about the scheme, click here.