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Age related tax relief for pension 30+

TK Lemon · 2020-12-13 22:00:38

When a person reaches their 30th year, the tax relief for pension contributions increases. Does a person have to wait until they actually reach 30 (ie June), or does the relief become available at the beginning of the year, of which they turn 30 (ie January).

13-12-2020 11:00pm

#1

TK Lemon

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When a person reaches their 30th year, the tax relief for pension contributions increases.

Does a person have to wait until they actually reach 30 (ie June), or does the relief become available at the beginning of the year, of which they turn 30 (ie January).

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#2 14-12-2020 4:09pm

Amirani

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My understanding was it was the year of your 30th birthday, hence the January.

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#3 14-12-2020 7:06pm

coylemj

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Amirani wrote: »

My understanding was it was the year of your 30th birthday, hence the January.

+1 there's nothing in the Revenue Pensions Manual which says that the higher limit only applies from your birthday so I would take it that it applies for the entire calendar year in which you reach one of the threshold ages.

https://www.revenue.ie/en/tax-professionals/tdm/pensions/chapter-03.pdf

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