This page outlines the tax relief for pension contributions
www.revenue.ie
I'm in 30-39 age group so the max I can contribute is 20%. My employer is currently contributing 5% and I'm contributing 15%, what I'm not 100% clear on though is does that 20% limit the sum of employer and the employee contribution?
So really the question is, can I increase mine from 15% to 20% while employer contributes 5% and still be under the tax free limit?
Maybe so. Always open to correction. Is it not correct specifically for occupational pension schemes (which is what I assumed, perhaps lazily, was what the OP was referring to)?
The answer depends on what type of scheme you are contributing to. If it’s a conventional Occupational Pension, then the Employer contribution does not impact your allowable limits. However if you are contributing to a PRSA, then the allowable limit is inclusive of the Employer contribution.
So check what type of scheme you are contributing to.