I am in a defined benefit company pension scheme, and and making maximum AVCs.
I will go abroad with my company for a 12-18 months. I will still be part of
the defined benefit scheme in Ireland, however my salary will be paid abroad, and I will not be tax resident in Ireland.
Does any one know if I can ccontinue to make AVCs to my company pension, and whether I can get tax relief for any contibutions made when I return to the Irish tax system?
Don't think you can claim the credit in a different tax year, no, but you should speak to your accountant. If you're liable to tax in the country to which you're posted, perhaps you can deduct against the foreign tax?
I dug into this a little more, and found out the following:
- I can continue to make AVCs while abroad. I can't get tax relief on these while I am not system, but I can once I return subject to the standard salary limits. (Not sure if tere is much point in doing this)
- There is an EU directive that allows people to get tax relief while abroad (EU), when making contibutions to a pension fund at home. It doesn't do much for me because of the way my foreign assignment is set up.
This link may be useful to someone from abroad working in Ireland.
[broken link removed]
see Tax Relief on Pension Contributions to EU based Pension Plans