For Info:
The Standard Fund Threshold has increased in 2008 to €5,418,085 from €5,165,000 in 2007.
Therefore the max tax free cash lump sum available to a member has increased to €1,354,521.25 from €1,291,250 in 2007
For the purposes of calculating relief, there is an overall aggregate earnings limit on an individual’s tax relieved contributions in a tax year. A limit of €254,000 applies for the tax years 2006 and prior. The limit for 2007 is €262,382 and the limit for 2008 is €275,239
The Standard Fund Threshold has increased in 2008 to €5,418,085 from €5,165,000 in 2007.
Therefore the max tax free cash lump sum available to a member has increased to €1,354,521.25 from €1,291,250 in 2007
For the purposes of calculating relief, there is an overall aggregate earnings limit on an individual’s tax relieved contributions in a tax year. A limit of €254,000 applies for the tax years 2006 and prior. The limit for 2007 is €262,382 and the limit for 2008 is €275,239