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Tax Relief on pensions where employer contrinues

  • 30-09-2020 11:56am
    #1
    veryangryman
    Registered Users, Registered Users 2 Posts: 5,658 ✭✭✭


    So i'm in the 30-39 age group and according to citizens information, can get relief on upto 20% of my salary. Cool

    Employer contributes 8% though.

    So... does that mean i can only do my own 12% to get the tax free on all it or do i get a way with self-contributing 20% on top of their 8%


Comments

  • #2
    el Fenomeno
    Registered Users, Registered Users 2 Posts: 3,405 ✭✭✭el Fenomeno


    Most pension contribution relief is done via net pay arrangement. That is, your contribution does not count towards your taxable pay - it comes out of your gross salary. In this case, there's no additional relief.

    If you contribute outside your payroll, ie. you get paid and then you arrange to pay it into your pension yourself, then you can avail of tax relief.

    Check your payslip.


  • #3
    Smee_Again
    Registered Users, Registered Users 2 Posts: 2,148 ✭✭✭Smee_Again


    Employer's contribution isn't counted towards your relief, so if your employer pays 8%, 10% or 12% etc you can still pay in up to 20% and avail of the tax relief.


  • #4
    Wuff Wuff
    Closed Accounts Posts: 1,429 ✭✭✭Wuff Wuff


    Smee_Again wrote: »
    Employer's contribution isn't counted towards your relief, so if your employer pays 8%, 10% or 12% etc you can still pay in up to 20% and avail of the tax relief.

    it can be counted on some PRSA arrangements


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