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Tax Relief on Private Pensions

fireout · 2012-02-16 19:49:31

Hi folks, How do I calculate the amount of tax relief due for having a pension, I have looked it up and it says the amount due is a percentage of Net Relevant Income and it is also linked to age - What is Net Relevant Income? My tax relief is not deducted by my employee at source, so how do I work out the correct amount? I…

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16-02-2012 8:49pm

#1
fireout

Closed Accounts Posts: 2 ✭

Join Date: February 2012

Posts: 1
Hi folks, How do I calculate the amount of tax relief due for having a pension, I have looked it up and it says the amount due is a percentage of Net Relevant Income and it is also linked to age - What is Net Relevant Income? My tax relief is not deducted by my employee at source, so how do I work out the correct amount? I would appreciate any advice, many thanks in advance for any replies. :eek:

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pensions

taxation

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#2 17-02-2012 5:36pm
nompere

Registered Users Posts: 1,677 ✭✭✭

Join Date: December 2006

Posts: 1646

Most of the answers are here:

http://www.revenue.ie/en/tax/it/leaflets/it14a.html

That's the Revenue PRSA leaflet.

Net Relevant Earnings for an employee are normally the income per the P60.

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#3 18-02-2012 5:40pm
fireout

Closed Accounts Posts: 2 ✭

Join Date: February 2012

Posts: 1

nompere wrote: »

Most of the answers are here:

http://www.revenue.ie/en/tax/it/leaflets/it14a.html

That's the Revenue PRSA leaflet.

Net Relevant Earnings for an employee are normally the income per the P60.

Many thanks nompere, that did the trick!

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