Just want somebody to confirm that the following assumption is correct.....
I have been in permanent employment throughout 2009...
I have made 8 monthly contributions to my PRSA in 2009. However I still have scope to make a further a lump sum contribution.
Is there any issue in claiming tax relief @ 41% on this lump sum contribution provided I stay within the relevant threshold ie ensuring that my total contribution for 2009 is less than or equal to my income exceeding the standard rate cut-off point of €36400?
As I pay class A1 PRSI can I also claim relief on the PRSI I have paid? ie giving me net relief of 49%?
All advice appreciated
Thanks in advance
I have been in permanent employment throughout 2009...
I have made 8 monthly contributions to my PRSA in 2009. However I still have scope to make a further a lump sum contribution.
Is there any issue in claiming tax relief @ 41% on this lump sum contribution provided I stay within the relevant threshold ie ensuring that my total contribution for 2009 is less than or equal to my income exceeding the standard rate cut-off point of €36400?
As I pay class A1 PRSI can I also claim relief on the PRSI I have paid? ie giving me net relief of 49%?
All advice appreciated
Thanks in advance