Age threshold for pension AVC

[westcork]

Checked on the revenue website re at what point do you cross over the age threshold re % contribution to your pension. The phrase they use is highest HIGHEST AGE IN YEAR OF PENSION CONTRIBUTION:

under 30
30 to 39
40 to 49
50 to 54
55 to 59
60 and over​

My reading of this is that if I make an AVC before Oct 31st 2011 for 2010 tax year, that I can use 25% (40-49) as threshold as I turned 40 this July, even though tax relief is for 2010 - Am I right in this?​

Thanks​

 

[ClubMan]

I don't think so. The year of pension contribution would be 2010 here as far as I can see even though the payment is made in 2011 so the 30-39 age bracket would apply. At least that's my understanding.

 

[LDFerguson]

Clubman's correct. Year of contribution is 2010. You're just making the contribution within the allowed grace period.

 

[westcork]

Thanks - not clear from the Revenue website at all, the concept of "grace period!"