Treatment of Pension contributions by Susi

geriatric

Frequent Poster
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55
Hi

According to susi there’s an allowance for pension contributions....

We allow a deduction for contributions to pension schemes and pension or retirement products, for example, Personal Retirement Savings Account (PRSA) or Retirement Annuity Contract (RAC), paid in the reference period only, within the limits allowed by the Revenue Commissioners, but we exclude any ‘unrelieved’ contributions carried forward from previous years.


Could anyone tell me is this allowed at the gross contributions amount or the net cost of these contributions (40% tax rate) please?

Thanks
 
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