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Maxing out my AVC PRSA

Yellow_Fern · 2022-08-17 02:26:24

Hi all, If I exceed the allowed percent of my salary for the AVC PRSA contributions, say 15%, I know that there is no more tax credit. But do you retain the other tax advantages? The money is still allowed to grow tax free in the account?

17-08-2022 3:26am

#1

Yellow_Fern

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Hi all,
If I exceed the allowed percent of my salary for the AVC PRSA contributions, say 15%, I know that there is no more tax credit. But do you retain the other tax advantages? The money is still allowed to grow tax free in the account?

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#2 17-08-2022 4:15pm

Geuze

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Yes.
Also, you can carry the contribution forward, and get tax relief in the future at some point.
https://www.pensionsauthority.ie/en/lifecycle/tax/tax_relief_on_contributions/

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#3 18-08-2022 3:16am

Yellow_Fern

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https://www.boards.ie/discussion/comment/119485915#Comment_119485915

That is brilliant. So exceeding your tax relief is not a bad idea for me. Great.

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