I am looking to make AVC for 2024. I want to max out my percentage limit. I turned 39 in 2024 that would allow me 20% if I understand correctly.
As per my last pay slip of 2024 my gross pay is say €70k. This number is what revenue also show for 2024.
So 20% would be €14k.
My Employee contribution is €5k. It also show I made €2.5k of AVC during the year. I think everything above their matching is called AVC on the pay slip.
Am I correct in understanding I have €6.5k capacity?
My pensions person at work has provided me a much higher number (9.5k). I can't understand how they got there and they haven't shared calculations.
They mention I turn 40 this year. Surly that is irrelevant?
Does pay after 21st December (last payslip date) go into 2025 for tax purposes?
Edit: revived to 9.5k to avoid confusion.
Pension is with AON. I don’t see a calculator for this on their site.
As per my last pay slip of 2024 my gross pay is say €70k. This number is what revenue also show for 2024.
So 20% would be €14k.
My Employee contribution is €5k. It also show I made €2.5k of AVC during the year. I think everything above their matching is called AVC on the pay slip.
Am I correct in understanding I have €6.5k capacity?
My pensions person at work has provided me a much higher number (9.5k). I can't understand how they got there and they haven't shared calculations.
They mention I turn 40 this year. Surly that is irrelevant?
Does pay after 21st December (last payslip date) go into 2025 for tax purposes?
Edit: revived to 9.5k to avoid confusion.
Pension is with AON. I don’t see a calculator for this on their site.
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