claiming PRSA

C

costelloDUB

Guest
I am an employed and under paye system Earlier 2006, I was contributing PRSA to a private pension scheme and hence revenue has increased to my tax band and tax credits as well. last year(2007)I was stopped contributions to PRSA but I was not notified to revenue department so they continued to offer me tax credits and availed this facility. Now this year(2008) revenue sent me P11( first time I received) . While filling the column for PRSA, I have to declare the PRSA Contributions. To declare this, I have to send the form how much I contributed to pension company, Unfortunately I do not have statement to show the amounts, Should I approach revenue and inform them that I have stopped contributions so I settle this amount earlier rather than they identify themselves and penalise me hefty amounts.
Please help me.​
 
costelloDUB said:
last year(2007)I was stopped contributions to PRSA but I was not notified to revenue department so they continued to offer me tax credits and availed this facility.
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You obviously should not have been claiming tax/PRSI relief on pension contributions if you were not making them. You will need to rectify this so that things balance out and any underpayments are sorted out.
To declare this, I have to send the form how much I contributed to pension company, Unfortunately I do not have statement to show the amounts
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Your PRSA1 certificate should state this. Or else you should be able to get a statement from the PRSA provider. But to get relief on PRSA contributions Revenue need the PRSA1 certificate.
Should I approach revenue and inform them that I have stopped contributions so I settle this amount
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Yes.
Now this year(2008) revenue sent me P11( first time I received)
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Isn't a P11 a [broken link removed]? Or do you mean something else? Not sure why you rather than your employer would get a tax deduction card. Maybe you can clarify what you got - e.g. a return form or statement or something else - and if you are PAYE or self employed (your post is not clear on this).
 
apologies..my post is not clear..but P11 is not a a [broken link removed]?, it is a self assesment form.
 
A P11 is a TDC as far as I know. Are you sure that you don't actually mean a Form 11 self assessment tax return?

[broken link removed]
 
.[broken link removed]

yes..this is the one....
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