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Pension Cost to Employer

  • 26-04-2016 11:33am
    #1
    lettuce97
    Registered Users, Registered Users 2 Posts: 178 ✭✭


    Hi,

    I currently contribute to a PRSA monthly which my employer pays nothing towards. I'm aware of the tax benefits to me as an employee for contributing, but was wondering if anybody would know what the cost benefit to an employer is versus the same amount in salary - for example, if the employer was willing to contribute 1000 annually, would the cost to the company be less than giving a 1000 pay rise?

    Any help would be much appreciated!


Comments

  • #2
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,856 Mod ✭✭✭✭Henry Ford III


    Yes they'd save employers PRSI.


  • #3
    Drumpot
    Registered Users, Registered Users 2 Posts: 19,306 ✭✭✭✭Drumpot


    Henry Ford III wrote: »
    Yes they'd save employers PRSI.

    And get corporation tax relief.


  • #4
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,856 Mod ✭✭✭✭Henry Ford III


    Drumpot wrote: »
    And get corporation tax relief.

    They'd get that whether it was paid through payroll or into a pension.


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