PRSI relief on Pension for self-employed

J

JEMOL

Registered User
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51
Can a self-employed/sole trader claim PRSI relief on payments made to their PRSA Pension?
 
Yes. but, only against income derived in the same year as the pension contribution.
 
•
Refunds will only be made where you have been granted income tax relief on the contribution against
‘reckonable earnings’ [earnings from an insurable employment or insurable (occupational injuries)

employment] or ‘reckonable emoluments’ [directors salary and fees].
A refund cannot be claimed in respect of pension contributions that are tax deductible against other income​

which is not ‘reckonable earnings’ or ‘reckonable emoluments’ ie income from a trade or profession.

From Form CGPRSI1 - the form used to apply for the refund. Fairly self explanatory.​
 
simplyjoe said:
•
Refunds will only be made where you have been granted income tax relief on the contribution against
‘reckonable earnings’ [earnings from an insurable employment or insurable (occupational injuries)​

employment] or ‘reckonable emoluments’ [directors salary and fees].

A refund cannot be claimed in respect of pension contributions that are tax deductible against other income​



which is not ‘reckonable earnings’ or ‘reckonable emoluments’ ie income from a trade or profession.


From Form CGPRSI1 - the form used to apply for the refund. Fairly self explanatory.​
Click to expand...

Thanks Joe
 
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