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Maximum pension contribution.

  • 22-01-2021 10:06pm
    #1
    [Deleted User]
    Posts: 25,611 ✭✭✭✭


    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)?


Comments

  • #2
    y0ssar1an22
    Registered Users, Registered Users 2 Posts: 17,778 ✭✭✭✭y0ssar1an22


    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.


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