Form 11 Help - DIRT and Pension Contributions

I am filling out my form 11 at the moment and have two issues

1. Under Irish Other Income it asks for "Gross Deposit Interest received on which DIRT was deducted".

I received interest from my KBC current account. If I put the amount of interest there, before DIRT was deducted on the calculate page I have to pay 4% PRSI on this interest. Is that correct?


2. I have a pension through work. I pay 10% of my salary into it monthly and employer matches. However, when I fill this into the Form 11 I get charged income tax on the employer contributions - that cannot be correct?

Will Yam

user302243 wrote: »

I am filling out my form 11 at the moment and have two issues

1. Under Irish Other Income it asks for "Gross Deposit Interest received on which DIRT was deducted".

I received interest from my KBC current account. If I put the amount of interest there, before DIRT was deducted on the calculate page I have to pay 4% PRSI on this interest. Is that correct?


2. I have a pension through work. I pay 10% of my salary into it monthly and employer matches. However, when I fill this into the Form 11 I get charged income tax on the employer contributions - that cannot be correct?

In relation to the interest you enter the gross amount received. You will then be taxed at 33% on the gross. So say the interest (gross) is €1,000, you enter €1,000 on the form.

You will then be taxed €330 on this. At the end of the calculation you will be credited with €330 for dirt paid, leaving you in a net zero sum position for tax.

You will be charged 4% prsi on the €1,000 and usc at your marginal rate.