Net Relevant Earnings

B

Bearsandbulls

Registered User
Messages
26
Hi,

I am aware of the % of earnings tax relief based on age and also the maximum salary ceiling of €115,000.

What I am unsure of is what constitutes as "Net Relevant Earnings"? Is it just the base salary that I earn or can I include additional income into this (shift premiums, nixers, rental income, etc)?

Pension is a defined contribution company plan.

Thanks
 
Net relevant earnings refers to self employed income.

If you are salaried, it is all of your Schedule E income. Rental income doesn't count and neither does nixers unless you are declaring it for tax...but if you are, that would be self employed income and would not count as part of your Schedule E income.
 
Steven Barrett said:
Net relevant earnings refers to self employed income.

If you are salaried, it is all of your Schedule E income. Rental income doesn't count and neither does nixers unless you are declaring it for tax...but if you are, that would be self employed income and would not count as part of your Schedule E income.
Click to expand...
thank you

shift premiums and bonus from my employer would count so
 
Bearsandbulls said:
What I am unsure of is what constitutes as "Net Relevant Earnings"? Is it just the base salary that I earn or can I include additional income into this (shift premiums, nixers, rental income, etc)?
Click to expand...

Rental income is unearned income, so cannot be included. Could you elaborate on 'nixers' i.e. declared income or not?
 
You must log in or register to reply here.
Back
Top