Max limits for pension contribution in the year your hitting 30/40/50 etc

Fol20 · 05-01-2019 4:27pm #1

Hey guys,

Im a December baby, and i was wondering what percentage should i be contributing the year i turn 30/40/50 etc?

So for example, lets say im 39 now and will turn 40 at the end of the year. Does this mean i can contribute 20 or 25pc for the entire year of 2019 or is it only pro rata for the final month of the year?

All i can find online is the limits but not the year your limits will change.

https://www.revenue.ie/en/jobs-and-pensions/pensions/tax-relief-for-pension-contributions.aspx

ANXIOUS · 05-01-2019 4:48pm

You can contribute the higher amount for the entire year you reach the new thresholds.

Fol20 · 05-01-2019 4:59pm

ANXIOUS wrote: »

You can contribute the higher amount for the entire year you reach the new thresholds.

Is there anywhere i can find this info on a site. The last thing i want to do is to be paying tax on it. I thought it was that but im struggling to find the correct info anywhere

Fol20 · 05-01-2019 5:30pm

Found it on zurich website:

https://www.zurich.ie/pensions-retirement/calculators/pension-contribution-calculator/

Max limits for pension contribution in the year your hitting 30/40/50 etc

Comments