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Executive Pension 52% Relief?

Squall Leonhart · 2016-11-22 10:54:32

I was formerly a Class A PRSI PAYE worker, from now on will be Class S. I have a PRSA I pay by standing order monthly, claiming tax relief back at the start of each year for the previous years contributions @ 40% I have been made aware that as I am now Class S, I qualify for 52% relief on pension contributions if I set up…

22-11-2016 10:54am

#1

Squall Leonhart

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Join Date: January 2008

Posts: 1624

I was formerly a Class A PRSI PAYE worker, from now on will be Class S.

I have a PRSA I pay by standing order monthly, claiming tax relief back at the start of each year for the previous years contributions @ 40%

I have been made aware that as I am now Class S, I qualify for 52% relief on pension contributions if I set up an executive pension. Is this true?

Also, can my PRSA funds be transferred to this new executive pension? Then I guess the questions are, what happens if I go back to being a Class A, can I transfer back to a non-executive pension?

A lot of questions I know, but would appreciate any experience or advice.
I will be talking to a financial advisor at some stage, but for now just trying to get a handle on it.

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