HI All
I have been looking around the revenue website and here for an answer but cant find anything related....
I have an occupational pension which I receive company % against my base salary. In addition I pay an additional AVC based on my age limit. I am currently trying to pay for a backdated prior years AVC up to the max of my Net relevant earnings figure for 2019
EXAMPLE - Rough figures rounded for ease:
My base salary = 85K
Additional Allowance +bonus = 25k
Paid AVC for 2019 thru Sal (85k at 20%) €17k
TTL Allowable AVC for 2019 (110k ' 25%) = €27.5
I am encountering a problem when I try and enter this into the tax return on my account as it states my gross income as only 96k. Presumably because my co. already deduct the AVC at source, my gross pay for the year is showing as the net figure for which income tax is then paid. The USC Calculation is made in the full using the 110k figure
So it wont let me utilise the 110k figure and therefore claim back the tax for this top up, I assume this is a common enough process so I must be going wrong somewhere, has anyone experience of completing?
thanks
50andO
I have been looking around the revenue website and here for an answer but cant find anything related....
I have an occupational pension which I receive company % against my base salary. In addition I pay an additional AVC based on my age limit. I am currently trying to pay for a backdated prior years AVC up to the max of my Net relevant earnings figure for 2019
EXAMPLE - Rough figures rounded for ease:
My base salary = 85K
Additional Allowance +bonus = 25k
Paid AVC for 2019 thru Sal (85k at 20%) €17k
TTL Allowable AVC for 2019 (110k ' 25%) = €27.5
I am encountering a problem when I try and enter this into the tax return on my account as it states my gross income as only 96k. Presumably because my co. already deduct the AVC at source, my gross pay for the year is showing as the net figure for which income tax is then paid. The USC Calculation is made in the full using the 110k figure
So it wont let me utilise the 110k figure and therefore claim back the tax for this top up, I assume this is a common enough process so I must be going wrong somewhere, has anyone experience of completing?
thanks
50andO