Calculating pension contributions for tax return

techguy · 07-10-2015 01:28PM #1

So,

I need to calculate the amount of PRSA contributions last year.

I contributed some from salary and employer matched mine.

I left the employer mid year last year and have a p45.

Where is the best place to see the total amount contributed? P45.

What I have currently done is look into my PRSA statement and added up all the contributions (mine + employer).

Is this ok? Is the employer contribution counted as a personal contribtution by the revenue for tax purposes.

Thanks.

gerrybbadd · 09-10-2015 11:32AM

techguy wrote: »

So,

I need to calculate the amount of PRSA contributions last year.

I contributed some from salary and employer matched mine.

I left the employer mid year last year and have a p45.

Where is the best place to see the total amount contributed? P45.

What I have currently done is look into my PRSA statement and added up all the contributions (mine + employer).

Is this ok? Is the employer contribution counted as a personal contribtution by the revenue for tax purposes.

Thanks.

Has all of this been done through the net pay arrangement in work ( were all the combined contributions on your payslip? )

If so, there's no further tax relief due to you, as relief will have already been granted through payroll, and you should not include these amounts on your tax return

techguy · 09-10-2015 12:05PM

What is the net pay arrangement? What was done is, I paid x amount and my employer matched that.

I should have been more clear. I did freelance at the end of the year and have a self employed tax liability. I am wishing to max my pension contributions to reduce tax.

When I am considering the amount I have already contributed for purposes of calculating remaining amount of tax free contributions, I know my previous personal contributions are considered but is the employers contribution also?

I'm not looking for relief from already contributed amounts, in fact, what I want to do could be considered the opposite.

Thanks.

TiGeR KiNgS · 10-10-2015 09:21PM

This is a question I also want answered.

I am a company Director and get a company pension (deducted through payroll).

Am I entitled to pay to fill in the charges/deductions on the Form 11 with a separate pension payment to my pension provider ? Is my 25% age cap restricted by the employment pension ?

Thanks,
TK

DmanDmythDledge · 12-10-2015 06:33PM

All depends on what type of pension it is. Some pension contributions made by an employer is tax deductible, however some are not.

Calculating pension contributions for tax return

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