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Tax Credit Adjustments for Personal Pension Plans

  • 04-05-2018 10:18am
    #1
    Tim76
    Registered Users Posts: 955 ✭✭✭


    Hi all,

    I recently stared up a private pension plan. Unlike a PRSA, payments to the plan are not taken out of my wages before they are taxed - I pay the full amount via direct debit & Revenue then adjust my tax credits to reimburse me for the payments.

    However... when i sent my details to Revenue, after a bit of digging around I was informed (via an automated voice at the end of an 1890 number) that while my details were received they would not be looked at for another 5-6 weeks.

    My question is: Does anybody know if i will receive tax credits for my pension payments in the intervening period?

    Thanks in advance for any help.


Comments

  • #2
    Liam D Ferguson
    Registered Users, Registered Users 2 Posts: 542 ✭✭✭Liam D Ferguson


    Yes - what should happen is that Revenue will calculate your additional tax credit for the remaining months of 2018 and apportion it out from the date they actually issue the revised certificate.


  • #3
    Tim76
    Registered Users Posts: 955 ✭✭✭Tim76


    Liam D Ferguson wrote: »
    Yes - what should happen is that Revenue will calculate your additional tax credit for the remaining months of 2018 and apportion it out from the date they actually issue the revised certificate.

    Thanks for the heads up Liam.


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