If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Additional Voluntary Contributions - Tax Credit

andyred · 2021-02-02 15:57:47

Hi, hoping somebody can help. I pay 5% towards my pension and my company matches that with 5%. I then have an option to do an AVC on a monthly basis, so I give another 6% to this. I have noticed on the Revenue.ie website that there is a tax credit called "Additional Voluntary Contribution". Would anybody know if I should…

02-02-2021 4:57pm

#1
andyred

Registered Users Posts: 87 ✭✭

Join Date: May 2007

Posts: 57
Hi,

hoping somebody can help. I pay 5% towards my pension and my company matches that with 5%. I then have an option to do an AVC on a monthly basis, so I give another 6% to this. I have noticed on the Revenue.ie website that there is a tax credit called "Additional Voluntary Contribution". Would anybody know if I should claim this as I give the 6% separate each month or is this tax credit only for one off contributions?

Thanks in advance.

Tagged:

tax

credit

avc

0

Comments

#2 02-02-2021 6:22pm

namenotavailablE

Registered Users, Registered Users 2 Posts: 59,633 ✭✭✭✭

Join Date: April 2009

Posts: 59584

If all of your pension contributions (including the AVC) are processed through your payroll then you are getting immediate tax relief on all contributions- there is nothing else you need to do.

Free Excel net pay calculator- https://taxcalc.eu/monthlyss/Employee%20PAYE%20calculator.xlsm

0