Eligible taxable earnings for pension relief (Occupational Pension)

[Iamyourfriend]

Howdy friends,

I'm paying 4% baseline salary for a pension
My company is paying 8%
I am making AVCs worth 15% of baseline salary

As a person in my 30s, my maximum earnings eligible for tax relief is 20%

1. As I understand it, my 4% (regular pension) and my 15% (AVCs) count towards the 20% limit, but the company's contribution (8%) does not. Is that correct?
2. I sometimes get overtime. Does this factor in to the calculation or is it only 20% of my baseline salary?
3. Does any other income count e.g. dividends, rental income etc.?

Much obliged partners.

 

[Gordon Gekko]

Howdy friends,

I'm paying 4% baseline salary for a pension
My company is paying 8%
I am making AVCs worth 15% of baseline salary

As a person in my 30s, my maximum earnings eligible for tax relief is 20%

1. As I understand it, my 4% (regular pension) and my 15% (AVCs) count towards the 20% limit, but the company's contribution (8%) does not. Is that correct?
2. I sometimes get overtime. Does this factor in to the calculation or is it only 20% of my baseline salary?
3. Does any other income count e.g. dividends, rental income etc.?

Much obliged partners.

1) Yes on the basis that it’s an occupational/company scheme rather than a PRSA. The employer contribution doesn’t count.

2) This factors into the calculation, subject to the cap of €115k; so if my salary is €100k and I get €15k of overtime or a bonus, I can do 20% of €115k.

3) No