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Tax on Employer Pension Contributions

VonLuck · 2019-05-19 14:00:46

Straight forward query. Currently I am maxing out my pensions contributions for my age bracket for tax relief (30-39), which is 20%. My employer is matching 2.5% of that i.e. 20% from me and 2.5% from my employer goes into my pension fund. Is the 2.5% taxable given that I am above 20% or is this separate as it is coming…

19-05-2019 2:00pm

#1

VonLuck

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Straight forward query. Currently I am maxing out my pensions contributions for my age bracket for tax relief (30-39), which is 20%. My employer is matching 2.5% of that i.e. 20% from me and 2.5% from my employer goes into my pension fund.

Is the 2.5% taxable given that I am above 20% or is this separate as it is coming directly from the employer?

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Comments

#2 19-05-2019 2:35pm

wench

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If it is an occupational pension, it isn't included in the 20%
If it is a PRSA, then it is.

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