Hi,
I have been in chronic pain for a few years which has limited my ability to contribute to my pension (self employed).
I recently had a surgical procedure which makes things a little easier hopefully but I am playing catch up. I know the rules for % contribution by age and this year I turn 50.
Currently make a small salary which covers everything but no pension extra.
My question: I have rent a room income of €14000 a year which is available. Also my parents in law kindly give myself & my wife the €3k gift every year each- can these both be counted as 'income' or are pension contributions meant to come from 'work' income? If I could use some of either of these it would really help my pension a lot.
Thank you.
I have been in chronic pain for a few years which has limited my ability to contribute to my pension (self employed).
I recently had a surgical procedure which makes things a little easier hopefully but I am playing catch up. I know the rules for % contribution by age and this year I turn 50.
Currently make a small salary which covers everything but no pension extra.
My question: I have rent a room income of €14000 a year which is available. Also my parents in law kindly give myself & my wife the €3k gift every year each- can these both be counted as 'income' or are pension contributions meant to come from 'work' income? If I could use some of either of these it would really help my pension a lot.
Thank you.