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First contribution year for a PRSA

  • 07-04-2022 4:39pm
    #1
    LostinKildare
    Registered Users, Registered Users 2 Posts: 992 ✭✭✭


    I cannot find an answer to this question anywhere, possibly because it's so dumb that no one's considered it, but here goes:

    I have just set up a PRSA and want to make a lump sum contribution of the full amount allowed by my age for tax relief.

    I understand that up to Oct 31, one can make a PRSA contribution and attribute it to the previous year (in this case, 2021), but is it possible to do that if I didn't start the PRSA until 2022?



Comments

  • #2
    [Deleted User]
    Posts: 281 ✭✭ [Deleted User]


    Yes.

    The PRSA 1/2 Certificate will have the date of receipt of the money by the provider on it but you just elect to backdate it to 2021 tax year with Revenue.



  • #3
    LostinKildare
    Registered Users, Registered Users 2 Posts: 992 ✭✭✭LostinKildare


    Thank you, GerardS



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