Tax Relief on Pensions | Jameson Financial

Tax Relief on Pensions

Saving for retirement can be attractive because of the tax treatment of pensions. Essentially, tax relief is provided in three phases:

-Tax relief on contibutions

-Tax relief on investment return

-Tax relief on investment return

Tax Relief on Contributions

For a 40% tax payer €100 per month will cost €60. For a 20% tax payer €100 per month will cost €80.00

Tax Relief on Investment Return

Your conributions are invested in pension funds which are exempt from Irish Tax - giving you a higher return

Tax Free Lump Sum at Retirement

At retirement you can take up to 25% of your fund tax free, subject to a total limit of €200,000