I don't want to lock the money away and I'm getting no tax relief on the way in because its from rental income so its of no benefit. Except the tax free lump sum but I would prefer to have access to it.You should probably just pay more into the PRSA.
your total income is taxed and therefore if you make a larger pension contribution, you will reduce your taxable income obtaining tax relief at your highest marginal rate
Your PRSA accumulates with no CGT.Bit of background, 31 debt/mortgage free and prsa pension with Davy but I'm not paying much into it as most of my income I'd from rental so it's not tax efficient.
Bit of background, 31 debt/mortgage free and prsa pension with Davy but I'm not paying much into it as most of my income I'd from rental so it's not tax efficient.
Just for clarity - you mean that earning the dividends within the pension wrapper exempts them from Irish income tax? Is there not some income tax (albeit not the full 52%) payable at source depending on the origin of the equity - or can e.g. US dividend withholding tax be reclaimed in this situation?obtaining income tax relief on dividends at 52%
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