Max I can contribute to AVC?

2

2Clueless

Registered User
Messages
76
Thinking of making an execution only AVC with Cornmarket. I’m 43 so can contribute 25% of salary. If I’m making lump sum amount to AVC before Oct 31 2018, how do I calculate the maximum amount I can contribute? Do I look at my pension contributions for 2017?
 
Thanks Steven, you’re always very good at replying. I’m a teacher. My total pay was 63306.6 and PRD was 3472.22. How much of an AVC can I make? Does USC have any impact on potential AVC? Tia
 
USC has no bearing on the deduction. Neither does the PRD.

The normal pension contribution for a public servant is 6.5%, so you should be able to contribute 18.5%. You need to check the figures though on your P60. Accurate information can't be given without sight of it.


Steven
www.bluewaterfp.ie
 
You must log in or register to reply here.
Back
Top