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Private Pension

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  • 11-07-2023 7:51pm
    #1
    Frostie24
    Registered Users Posts: 40 ✭


    Hi

    Can anyone confirm if you are paying into a single public pension can you get tax credit on a private pension and is there a cap on total you can get tax credit on ?


    Thanks



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    #2
    Get Real
    Registered Users Posts: 888 ✭✭✭Get Real


    You can pay into an AVC like anyone else. I'd recommend it in particular if you're post-2013 as your pension will be equivalent of social welfare rates anyway.

    The cap depends on your age. For example, if under 30 you can put up to 15percent of your income into an AVC. 20percent plus for older sges.

    This is exempt from income tax so 100quid a week will only cost you 60.



  • Options
    #3
    Frostie24
    Registered Users Posts: 40 ✭Frostie24


    Thanks for reply.



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