Where does €100 cost just €60 ?
Contributions made to an Irish pension may qualify for tax relief at 40% if you are a higher rate tax payer.
Every €100 you save into a pension would cost you just €60, subject to limits based on your age and income.
To benefit from this tax relief for the 2015 tax year, you need to have taxable relevant earnings, must have a pension arrangement in place and make the contribution before the tax filing deadline on 31st October 2016.
The process is not as difficult as many people think, and we can walk you through each step to set up the right pension for you – even if you have an existing pension.
If you miss the 31st October deadline, you lose the chance to avail of this tax break.
Do you find yourself thinking any of the following ?
“I don’t understand how pensions work”
“I don’t know what my pension entitlements are”
“I have never made a pension contribution”
“I have a pension, but don’t know if I’m saving enough”
Contact us for a no-obligation chat to answer any of your questions.
Disclaimer: The content of this article is for general information purposes only. It does not constitute investment advice as it does not take into account the investment objectives, knowledge and experience or financial situation of any particular person or persons. You are advised to obtain professional advice suitable to your own individual circumstances. Ardbrack Financial Limited makes no representations as to the accuracy, validity or completeness of the information contained herein and will not be held liable for any errors or omissions.