T
TRS30
Guest
Hi all
Looking for some help here.
Am in a company pension scheme and am looking to increase my contributions. I am currently 29 but turn 30 this year. I was under the impression that i could put in 20% of gross salary for all of this year because as i turn 30 with in the tax year would be assessed on this basis for the whole year.
The issue is that my company disagrees and say i can only put 15% in until i actually turn 30. I have looked at the revenue website and this issue is not clearly shown anywhere (that i can find).
Does anyone know where i can find this clearly shown ? Also if this is just a plan rule and nothing to do with revenue constrictions would it be possible to get them to make an exception ?
As started in the plan quite late (27) am keen to put as much in as soon as possible.
Thanks in advance.
title edited by ajapale
Looking for some help here.
Am in a company pension scheme and am looking to increase my contributions. I am currently 29 but turn 30 this year. I was under the impression that i could put in 20% of gross salary for all of this year because as i turn 30 with in the tax year would be assessed on this basis for the whole year.
The issue is that my company disagrees and say i can only put 15% in until i actually turn 30. I have looked at the revenue website and this issue is not clearly shown anywhere (that i can find).
Does anyone know where i can find this clearly shown ? Also if this is just a plan rule and nothing to do with revenue constrictions would it be possible to get them to make an exception ?
As started in the plan quite late (27) am keen to put as much in as soon as possible.
Thanks in advance.
title edited by ajapale