Hi, Looking for advice.
I'm a company director (50% shareholder) paying Class S PRSI contributions.
I want to set up a pension but not a company paid one as I'd rather other shareholder was not aware. Although there is not a pension in place at the moment one could be set up. This is where I'm looking for guidance. How does the definition of non pensionable employment apply here. Do I have to do a company paid pension as it's possible to do one or can I do a personal pension as there is no pension scheme in place at present.
Also If I put for example 10k(to make maths easy) in a personal pension before the deadline will I get a tax refund of 4k on last years tax on sending proof of the contribution to the provider.
Thanks in advance,
I'm a company director (50% shareholder) paying Class S PRSI contributions.
I want to set up a pension but not a company paid one as I'd rather other shareholder was not aware. Although there is not a pension in place at the moment one could be set up. This is where I'm looking for guidance. How does the definition of non pensionable employment apply here. Do I have to do a company paid pension as it's possible to do one or can I do a personal pension as there is no pension scheme in place at present.
Also If I put for example 10k(to make maths easy) in a personal pension before the deadline will I get a tax refund of 4k on last years tax on sending proof of the contribution to the provider.
Thanks in advance,