Limits for tax relief on Personal and Employee Pension Contributions

Summary of Limits for tax relief on Personal and Employee Pension Contributions

Tax relief for personal pension contributions; and employee pension contributions to occupational pension schemes is subject to two main limits:

  1. An age-related earnings percentage limit
  2. A total earnings limit.

You can get tax relief up to the relevant age-related percentage limit of your earnings in any year.

You might have more than one source of income. If you do, this relief is only from the source of income in respect of which the contributions are made.

Age-related percentage limit for tax relief on pension contributions

AGEPERCENTAGE LIMIT
Under 3015%
30-3920%
40-4925%
50-5430%
55-5935%
60 or over40%

Total earnings limit

The maximum amount of earnings taken into account for calculating tax relief is €115,000 per year.

Estate Planning – Gift Tax and Inheritance Tax – What reliefs are available?

The particular tax treatment contained herein is based on Harvest Financial Services Limited’s understanding of current Revenue practice as at April 2021. Please note that the tax treatment depends on the individual circumstances of each client and may be subject to change in the future. You should take such independent tax advice as you deem appropriate.