Are you getting maximum tax relief from pension contributions?

Income Tax relief is available against earnings from your employment for your pension contributions. This relief is available for contributions to any of the following pension plans:

The good news is that tax relief is available at your marginal (highest) rate of tax on contributions to personal pension schemes subject to an income cap of €115,000 and contribution rates ranging from 15% to 40% of earnings depending on age:


Age                             % Net Relevant earnings*

<30                             15%

30-39                          20%

40-49                          25%

50-54                          30%

55-59                          35%

60+                             40%

* Subject to earnings cap of €115,000

If you are coming or returning to Ireland, you can get tax relief for pension contributions made to pre-existing plans with a pension provider in another EU Member State.

Subject to the maximum limits, you may make a pension contribution before the personal tax return filing date for 2018 (i.e. 31st October 2019) and carry the contribution back for inclusion on your 2018 tax return and thereby claim tax relief for 2018. 

Please contact Imelda Prendergast Director OSK Contracting, OSK Small Business Support for further details on maximising your pension contribution or in relation to our tax and accounting services.

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