Max AVC contribution vs employer contribution

[Beamie]

Hi, I am 59 years old, a member of a company defined contribution pension scheme, employee contribution 5% / company contribution 6%.

I see on the revenue website that the limit for tax relief on pension contributions for my age is 35%.
I earn much less than €115,000 per year.

My question is, can I get tax relief on AVCs up to 30% of my gross salary?

I am unclear whether my employer's contribution counts towards the 35% limit.

Thanks.

 

[Conan]

Assuming your pension plan is NOT a PRSA, then YES. If your pension plan is a standard DC pension plan, then you can contribute an AVC of 30%.

 

[Beamie]

Great, thanks Conan for the quick and clear response.

 

[Gordon Gekko]

Assuming your pension plan is NOT a PRSA, then YES. If your pension plan is a standard DC pension plan, then you can contribute an AVC of 30%.

35% though, and possibly 40% if the OP is turning 60 between now and 31 December.