Advertisement
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.
Hi all, please see this major site announcement: https://www.boards.ie/discussion/2058427594/boards-ie-2026

Not given AVC relief on employment in 2022 which was deemed non pensionable

  • 28-06-2023 11:24AM
    #1
    kelzer
    Registered Users, Registered Users 2 Posts: 232 ✭✭


    I have made a 2022 claim for AVC relief on a single pension contribution. I worked for two companies last year. One of which I still work for. The company I still work for, I started a company pension in March 2023.

    After receiving an update on my claim, Revenue says that they cannot allow my period with current company in 2022 to calculate AVC relief. Only the first (previous) company which I had a pension with. Are they correct in this calculation?



Comments

  • #2
    Cairnq1
    Registered Users, Registered Users 2 Posts: 14 ✭Cairnq1


    Additional voluntary contributions can onily be made by a member of an existing pension scheme. As you became a member of your current employers pension scheme in 2023 then AVC's can only be made relative to that scheme from that date forward. Contributions to AVC's in 2022 can only be made relative to a pension scheme you were a member of in that year.



  • #3
    Jim_Hodge
    Registered Users, Registered Users 2 Posts: 12,966 ✭✭✭✭Jim_Hodge


    How could you make an AVC with your current company when you weren't in the pension scheme at the time?



Advertisement
Advertisement