Occupational Pension vs PRSA (Employer Contributions)

[nest egg]

Does anyone know if this information is still accurate?

Say you were moving to a new employer, & negotiated a larger pension contribution. If the company has an occupational pension scheme no issue, but if they have a PRSA, it's treated as BIK?




https://www.grantthornton.ie/conten...3c261bee/grant-thornton---benefit-in-kind.pdf

 

[kevhenry]

It's not treated as BIK in a PRSA so that's just an outdated graphic.

Kevin
www.thepensionstore.ie

 

[Freelance]

@nest egg

That changed with effect from 1st January 2023. Employer contributions are no longer treated as BIK.

Revenue confirmation here:

 

[nest egg]

@nest egg

That changed with effect from 1st January 2023. Employer contributions are no longer treated as BIK.

Revenue confirmation here:

Is there any limitation on who set up the PRSA, e.g. it has to be an employer sponsored PRSA, rather than one setup by the employee themselves?

 

[Gordon Gekko]

Is there any limitation on who set up the PRSA, e.g. it has to be an employer sponsored PRSA, rather than one setup by the employee themselves?

No, it doesn’t matter.