I am employed, not self-employed. I made no pension contributions in 2011. My employer in 2011 did not operate an occupational pension scheme.
I now wish to set up a PRSA using my 2011 contribution allowance and make a one-off lump sum contribution in respect of 2011.
I understand my contribution will qualify for Tax Relief, but how do I claim the Tax relief for this 2011 PRSA contribution that I am about to make?
Do I get tax credits that I can apply to the current year?
i.e. How does it work? What is the process?
I now wish to set up a PRSA using my 2011 contribution allowance and make a one-off lump sum contribution in respect of 2011.
I understand my contribution will qualify for Tax Relief, but how do I claim the Tax relief for this 2011 PRSA contribution that I am about to make?
Do I get tax credits that I can apply to the current year?
i.e. How does it work? What is the process?