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Increasing PRSA contributions

redser7 · 2016-01-08 09:08:49

Hi, I have a PRSA which my employer does not contribute to. My contributions have been relatively low to date and I'm looking to increase these. Is it reasonable/legal to sit with my employer and ask them to reduce my salary and then reapportion this amount in the form of pension contributions to my existing PRSA - thus…

08-01-2016 9:08am

#1

redser7

Registered Users, Registered Users 2 Posts: 2,730 ✭✭✭

Join Date: June 2010

Posts: 2473

Hi,
I have a PRSA which my employer does not contribute to. My contributions have been relatively low to date and I'm looking to increase these.
Is it reasonable/legal to sit with my employer and ask them to reduce my salary and then reapportion this amount in the form of pension contributions to my existing PRSA - thus taking advantage of tax relief and reducing my taxable salary?
Separately (I feel dumb asking this), do employer contributions to an employee's pension cost the employer anything? After a little reading I think I must misunderstand that it does not. See the example at the bottom of the page ...
http://www.pensionsauthority.ie/en/LifeCycle/Tax/Tax_relief_on_employer_contributions/

Thanks!

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