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Tax back on Pension Contributions

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  • 17-07-2017 10:26am
    #1
    raspberrypi67
    Registered Users Posts: 782 ✭✭✭


    Hi Folks,

    Just wonding if theres a thread on Pension forms etc in terms of a) how many years back can I go to claim back the tax , I dont pay at source, and b) name of the form I need, and c) how much of a lump sum can i put in, is it a function of salary,

    sorry if all of this has been delt with in the past...

    Rich
    Tagged:


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    #2
    srsly78
    Registered Users Posts: 7,157 ✭✭✭srsly78


    It's usually granted at source, so you may already have received the relief. Why do you think a refund is due?

    You say you don't pay at source, what does this mean? Not paying tax = relief. It all goes on P60 form for me (self-employed).


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    #3
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,690 Mod ✭✭✭✭Henry Ford III


    1/. 6 years I believe.
    2/. RAC is what you'll need for a PPP. Similar for a PRSA bu it'll have a different name probably.
    3/. There are age related maxima.

    As always I'd suggest you get professional advice.


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    #4
    bmwguy
    Closed Accounts Posts: 2,006 ✭✭✭bmwguy


    It's 4 years you can go back. So 2013 at the moment can still be claimed.
    As Henry above said it's the RAC form that you need.
    I recently put a pension plan in place in a company I am financial controller for and one of the poor employees had being paying into a personal.pension for about 10 years and never knew about the tax relief.
    Paying about 300 a month in for 10 years so he lost about 8000 in unclaimed relief for the first 6 years but managed to get it back for last 4 years.


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    #5
    raspberrypi67
    Registered Users Posts: 782 ✭✭✭raspberrypi67


    bmwguy wrote: »
    It's 4 years you can go back. So 2013 at the moment can still be claimed.
    As Henry above said it's the RAC form that you need.
    I recently put a pension plan in place in a company I am financial controller for and one of the poor employees had being paying into a personal.pension for about 10 years and never knew about the tax relief.
    Paying about 300 a month in for 10 years so he lost about 8000 in unclaimed relief for the first 6 years but managed to get it back for last 4 years.

    Jesus, talk about bad advice. At least I knew I could get the tax back, anyway, only have to go back to 2015 TG!
    Thanks for the info.

    By the way the RAC form, where do I get this and does it have the total in terms of payments I made, assuming this form comes from the pension provider??
    One more question, I know , for instance, I can put in say 10K for the previous year, say last year, into my pension, and then claim back 4K almost immediately . How does the back date work?

    Cheers

    Tks again BMWGUY!


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