Investment property and private pension question

[Alexmartin]

I am a PAYE worker and pay the max percentage allowable for my age (25%) from my salary into the company pension plan for which I get 41% tax relief.

I also have an investment property which makes a small profit.

Can I also pay the same percentage of the rental income into a pension fund and then claim 41% tax relief on that also, Or is the investment income not allowed to count towards the 25% of income.

I dont know if i'm asking the question properly here so i'll use some sample figures.

Salary €50,000.
25% = €12,500 paid into pension.
New taxable income after pension taken out = €37,500

Rental Income after expenses etc €10,000 - taxable at 41%

Can I pay 25% of the rental profit (€2,500) into pension fund and then only have to pay tax on the €7,500 thats left?

And if so How would I go about doing this.
Thanks.

 

[Marc]

No, you can only make pension contributions in respect of earned income.

Rental income doesn't count.

 

[Alexmartin]

No, you can only make pension contributions in respect of earned income.

Rental income doesn't count.

thanks fot that.. Thats what I was afraid of.
It seems the whole tax treatment on rental income is completely unfair.
Expenses that you cant deduct from your "profit". USC to be paid and yet its not considered proper income for pension purposes. And many more.

 

[LDFerguson]

Tax relief on pension contributons is there to encourage you to invest towards your future. Your rented property is already an investment. It wouldn't make sense to incentivise you to use income from one investment to invest in something else.