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Maximum pension contribution.

[Deleted User] · 2021-01-22 22:06:16

I'm in my 30s so I know I can put in 20% of my salary to get full tax relief on those contributions. Just to completely maximise things I'm wondering does the 20% apply to salary or salary + BIK. e.g. Salary: €60k BIK: €5k So would I be able to put in €12k (20% of salary) or €13k (20% of salary + BIK)?

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22-01-2021 11:06pm

#1

[Deleted User]
Posts: 25,611 ✭✭✭✭

Join Date: -

Posts: 25611

I'm in my 30s so I know I can put in 20% of my salary to get full tax relief on those contributions. Just to completely maximise things I'm wondering does the 20% apply to salary or salary + BIK.

e.g.
Salary: €60k
BIK: €5k

So would I be able to put in €12k (20% of salary) or €13k (20% of salary + BIK)?

0

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#2 25-01-2021 1:36am
y0ssar1an22

Registered Users Posts: 16,091 ✭✭✭✭

Join Date: April 2013

Posts: 15978

Buttonftw wrote: »

I'm in my 30s so I know I can put in 20% of my salary to get full tax relief on those contributions. Just to completely maximise things I'm wondering does the 20% apply to salary or salary + BIK.

e.g.
Salary: €60k
BIK: €5k

So would I be able to put in €12k (20% of salary) or €13k (20% of salary + BIK)?

yes you can. NRE in this case include the employees total emoluments, including fees, BIK, bonuses.

0