Did you know?
If you’re looking to reduce your tax bills, a Pension Contribution could make a big difference!
You may be able to claim Relief on your 2021 Income Tax by making a once-off payment into your pension. The closing date for claiming Tax Relief is the 31st of October.
Age-related earnings percentage limits
According to Irish Revenue, you can receive Tax Relief up to the relevant age-related percentage limit of your earnings in any year up to €115,000 (net relevant earning).
|Age-related percentage limit for tax relief on pension contributions|
|Under 30||15 %|
|60 or over||40 %|
For example, an employee who is aged 42 and earns €40,000 can get Tax Relief on annual Pension Contributions up to €10,000.
Get in contact to find out how you can reduce your tax bill and save for your future!
Whether you already have a pension or you’re looking to start your pension now, Murray & Spelman Financial Services Ltd can help you today.
Please contact our team for further details.
Murray & Spelman (Financial Services) Ltd help you plan for your future, while you live for today!
Contact Murray & Spelman
If you would like to learn more or ask specific questions, please contact us below. Contact Murray & Spelman Financial Services Ltd over the phone or by email, to find out more and receive a complimentary consultation.