This is not necessarily correct.If your wife has no income taxed at 40% and you have income taxed at 40% , you should make the contributions to your fund rather than to hers as you get more tax relief.
This is not necessarily correct.
One partner can be taxed at 20% and still achieve tax relief on pension contributions at 40% if the joint income is taxed at a marginal rate of 40%.
One partner can be taxed at 20% and still achieve tax relief on pension contributions at 40% if the joint income is taxed at a marginal rate of 40%
So if the wife has €10k income, then she could pay all €10k into a pension fund and it would be allowed at their marginal rate?
So the amount a person can contribute is limited by their age and their net relevant earnings.
The wife would need income of over 33k on order to gain some relief at 40%.
If she had income of 34k she could get pension tax relief of 40% on 1k of contributions.
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