Can Notional Pay be considered for pension contribution?

P

Pafit64

New Member
Messages
3
I am preparing to make my first annual contribution to my new PRSA account for the 2023 tax year. I am 55 years old.
I intend to make the maximum contribution allowed for my age bracket of 35%

Can notional pay be taken into account when calculating how much I can contribute ?
 
Can you clarify what you mean by notional pay? Are you in receipt of some form of Benefit in Kind paid for by your employer, e.g. a car?
 
Pfitzpatrick said:
yes, I am. I mean paid medical insurance.
Click to expand...
If that “notional pay” is treated as Benefit In Kind - as thus taxed as an additional income- then the answer is YES. Basically, any income that is taxable under PAYE is in theory pensionable.
 
You must log in or register to reply here.
Menu
Log in
Register