B
For someone your age, a total contribution of about 30% of salary should get you close enough to revenue maximum (this should be reviewed every few years).
Those limits only dictate what amount qualifies for full tax and PRSI/health contribution relief. They are not hard limits on total pension contributions. Also for a (non PRSA) occupational scheme the employer contribution is not included when calculating if the limits have been (b)reached. You can contribute more than the amount that will qualify for tax relief but in most cases it probably doesn't make sense.Is that correct? OP is 29 so can only contribute max 15% (including employer contrib if it's a prsa)
Is that correct? OP is 29 so can only contribute max 15% (including employer contrib if it's a prsa)
- Under 30: 15%
- 30 to 39: 20%
- 40 to 49: 25%
- 50 to 54: 30%
- 55 to 59: 35%
- 60 and over: 40%
Not if you are already making pension contributions via payroll since your P60 figure will be net of these!basically it your p60 gross figure for the year which includes BIK
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?