Personal Pension AVC

S

Spartacus

Guest
Apologies in advance as I am sure that this has been answered in this forum but I just can't find the answer!

I am not part of a company pension scheme but have a personal pension. I wish to make an AVC of say €1,000. As far as I can see I send this to my pension provider, my pension provider sends me a document that states how much I have contributed, and I then send this document to the Revenue. My question is: what happens next. Do the Revenue:
(a) send me a cheque for the tax that I am due back (in this case in the region of €410 (around 41% of €1,000)).
(b) or do the revenue send the amount that I am due in tax to the pension provider and they put this into my pension.

Thanks.
 
You are a bit confused.

You can only have an AVC if you contribute to an occupational pension.

What you are describing is simply a one-off lump-sum contribution to your private pension.

The answer is (a), the same way you have been getting your tax relief so far.
 
You must log in or register to reply here.
Back
Top