Income Tax Form 11 : Pension (Q 506 to 510)

Mommah

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I want to top up my AVC pension by €5000 for 2024. The names the revenue call the various types of pensions don't match my AVC, which is a private pension Additional Voluntary Contribution. So is it a RAC/PRSA/QOPP?
 
What class of pension is your AVC?
PRSA AVC, RAC (Retirement Annuity Contract) or Personal Pension Plan AVC, etc.?
What does it say on the policy documentation?
 
which is a private pension Additional Voluntary Contribution. So is it a RAC/PRSA/QOPP?
"Private pension" doesn't really clarify. That could be a PRSA or RAC (Retirement Annuity Contract) or maybe a QOPP (I'm not sure about that) . As I said, the policy documentation should clarify what class of pension is it and that should determine what option you need to choose on the tax return form.
 
It's just a prsa on the form 11 , they don't have personal pension as an option

It's either Retirement annuity contract , RAC

Prsa personal retirement savings account

Qualifying overseas pension plan , qopp

If you have made a personal payment ( seperate to payroll to a private pension ) in Ireland then choose prsa on the form 11

I'm assuming your not self employed and this is not a RAC
 
Im assuming your RAC was due to a job being non pensionable in that case ?
I can't remember its provenance to be honest. I guess that I probably did set it up when I was in a job that didn't offer any pension options years ago. And it's been transferred between providers a few times since too. It's only a small portion of my overall pension investments/cover. But my point was that I was never self employed as I thought that your post might be implying that RACs were specific to self employed people? Maybe I misinterpreted your post?
 
I asked my pension provider and she unhelpfully described it as an AVC plan with New Ireland even though that is not one of the descriptors on Form 11. It is a private top up plan in addition to my public service pension.
 
As I said before, the policy documentation should clarify what category of pension it is.
 
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