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Pension Question

  • 25-05-2017 9:24pm
    #1
    TiGeR KiNgS
    Registered Users, Registered Users 2 Posts: 1,435 ✭✭✭


    I am an employee in employer provided pension scheme.
    Is it still possible for me make a contribution to reduce my 2016 tax liability ?
    Would this be called an AVC/PRSA etc. not sure on terminology?

    if so, how do I claim this for tax refund ?


Comments

  • #2
    gerrybbadd
    Registered Users, Registered Users 2 Posts: 10,301 ✭✭✭✭gerrybbadd


    TiGeR KiNgS wrote: »
    I am an employee in employer provided pension scheme.
    Is it still possible for me make a contribution to reduce my 2016 tax liability ?
    Would this be called an AVC/PRSA etc. not sure on terminology?

    if so, how do I claim this for tax refund ?

    Yes it is. All you need to do is send in the AVC cert with your return (if you file one, if not, just send in the cert)

    An AVC is an Additional voluntary Contribution. All you need to do is work out how much you can invest to make the most of the tax relief. (there is a limit based on earnings, how much has already been put into your pension that year and your age).


    The details you want to calculate how much to invest are here

    http://www.revenue.ie/en/about/foi/s16/pensions/chapter-24.pdf


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