LDFerguson
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I read that change as employer contributions to PRSAs no longer being 'treated' as a (non taxable) BIK and included in Gross Pay. In other words treated the same as employer contributions to a normal pension scheme.
LiamBut employer PRSA contributions are also no longer to be subject to the age-related tax relief limits as they are now.
Liam
Is that the Case? The Bill refers to PEPP's and still includes the age limits for tax allowed contributions .
Sounds too good to be true, and this is Ireland, so we can safely assume it is too good to be true.It’s seismic.
For someone who has just started work, the employer can contribute €1bn, for example. The only constraint is the €2.15m.
Sounds too good to be true, and this is Ireland, so we can safely assume it is too good to be true.
Section 81 of the tca would rule that out. I’d imagine this will ironed out to equalize the funding as that appears to have been the idea with the reference to the tax reportIt’s seismic.
For someone who has just started work, the employer can contribute €1bn, for example. The only constraint is the €2.15m.
It’s seismic.
For someone who has just started work, the employer can contribute €1bn, for example. The only constraint is the €2.15m.
I’m talking about the position as it stands.Section 81 of the tca would rule that out. I’d imagine this will ironed out to equalize the funding as that appears to have been the idea with the reference to the tax report
A scenario in which they’re employed and paid €1bn.How is it foolish? It is the section that gives the deductibility? You don’t think it should be considered by a company when making a business expense? In what scenario could you just employ someone and pay them 1bn?
No update which means it is still uncapped. Finance Bill is usually signed into law at the end of the year. I think it was signed into law on Christmas day last year.Hi All
Has there been any update on this ?
Is it still uncapped ?
Tks
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