Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi all! We have been experiencing an issue on site where threads have been missing the latest postings. The platform host Vanilla are working on this issue. A workaround that has been used by some is to navigate back from 1 to 10+ pages to re-sync the thread and this will then show the latest posts. Thanks, Mike.
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Workplace pension scheme - limits for tax relief

  • 11-08-2020 11:22am
    #1
    bigmc23
    Registered Users Posts: 261 ✭✭


    Hi folks, i was wondering if anyone knew if employers contributions counted towards the contribution limits for tax relief? I have read different things online. I am 32 so my contribution limit would be 20% of my earnings . My ee pays in 5% and I 3% but considering making some AVCs up to the point that my tax relief cut off. Thanks in advance !


Comments

  • #2
    lulut
    Registered Users Posts: 45 ✭lulut


    If it is a defined contribution plan the 20% does not include the employers contribution


  • #3
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,752 Mod ✭✭✭✭Henry Ford III


    Your max. contribution for tax purposes is 20%. What your employer pays on top of that isn't considered for your income tax relief.


  • #4
    Tar.Aldarion
    Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 60,104 Mod ✭✭✭✭Tar.Aldarion


    bigmc23 wrote: »
    Hi folks, i was wondering if anyone knew if employers contributions counted towards the contribution limits for tax relief? I have read different things online. I am 32 so my contribution limit would be 20% of my earnings . My ee pays in 5% and I 3% but considering making some AVCs up to the point that my tax relief cut off. Thanks in advance !

    What the others said, but I do believe there is some leeway for overpayment now too since you haven't been paying the max. Would have to look up the specifics. But yes 20+their 5 in general is fine.


  • #5
    bigmc23
    Registered Users Posts: 261 ✭✭bigmc23


    Thanks everyone , much appreciated


Advertisement