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Pension Cost to Employer

lettuce97 · 2016-04-26 11:33:04

Hi, I currently contribute to a PRSA monthly which my employer pays nothing towards. I'm aware of the tax benefits to me as an employee for contributing, but was wondering if anybody would know what the cost benefit to an employer is versus the same amount in salary - for example, if the employer was willing to contribute…

26-04-2016 12:33pm

#1

lettuce97

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Posts: 164

Hi,

I currently contribute to a PRSA monthly which my employer pays nothing towards. I'm aware of the tax benefits to me as an employee for contributing, but was wondering if anybody would know what the cost benefit to an employer is versus the same amount in salary - for example, if the employer was willing to contribute 1000 annually, would the cost to the company be less than giving a 1000 pay rise?

Any help would be much appreciated!

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Comments

#2 26-04-2016 1:38pm

Henry Ford III

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Yes they'd save employers PRSI.

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#3 27-04-2016 6:58pm

Drumpot

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Henry Ford III wrote: »

Yes they'd save employers PRSI.

And get corporation tax relief.

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#4 28-04-2016 11:00am

Henry Ford III

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Drumpot wrote: »

And get corporation tax relief.

They'd get that whether it was paid through payroll or into a pension.

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