Hi,
Assuming that you have maxed out the tax relief available on your PRSA then there's no further incentive to contribute more is there (whereby the extra is subject to normal taxation)?
I was just trying to determine whether there would be any advantage in pumping more of your salary into a PRSA once you're reached the maximum tax relief in comparison to putting it into a separate Savings / Investment policy with e.g. Zurich or Standard Life (assuming the charges are identical)?
So far I've determined that no there isn't... If I was older I'd have a higher threshold for tax relief in the PRSA but sadly that isn't the case.
Assuming that you have maxed out the tax relief available on your PRSA then there's no further incentive to contribute more is there (whereby the extra is subject to normal taxation)?
I was just trying to determine whether there would be any advantage in pumping more of your salary into a PRSA once you're reached the maximum tax relief in comparison to putting it into a separate Savings / Investment policy with e.g. Zurich or Standard Life (assuming the charges are identical)?
So far I've determined that no there isn't... If I was older I'd have a higher threshold for tax relief in the PRSA but sadly that isn't the case.