Hi
When maxing out ones Pension Contribution for the year are you able to take BIK into the calculation, for example:
Say Total Salary was €50k and you can max out to 30% then it's €15000 max you can put into your Pension and AVC's.
But say you also had €3k Medical Insurance paid by your employed for you which we know is taxable. Now is your max Pension Contribution €53k by 30% i.e. €15900?
Thanks
When maxing out ones Pension Contribution for the year are you able to take BIK into the calculation, for example:
Say Total Salary was €50k and you can max out to 30% then it's €15000 max you can put into your Pension and AVC's.
But say you also had €3k Medical Insurance paid by your employed for you which we know is taxable. Now is your max Pension Contribution €53k by 30% i.e. €15900?
Thanks