dangerhere
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Is there any cap or limit on the amount an employer can give towards an individual's pension plan?
Employer contributions
- Thread starter dangerhere
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LDFerguson
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If it's a PRSA, the limit for tax relief is based on the employee's age, e.g. for an employee in their 30s contributions by employee and employer should not exceed 20% of income in a tax year. Any excess will be treated as BIK.
If it's an Occupational Pension Scheme, the contribution limits by an employer are based on the employee not over-funding, i.e. providing with a pension at retirement in excess of Revenue limites. There are limits but they're more generous than those applying to PRSAs.
If it's an Occupational Pension Scheme, the contribution limits by an employer are based on the employee not over-funding, i.e. providing with a pension at retirement in excess of Revenue limites. There are limits but they're more generous than those applying to PRSAs.
dangerhere
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It's an existing Defined contribution scheme. No chance of overfunding. I am in my late forties and my employer pays 11% employee 3% and i also pay 200 E per week in AVC's.
LDFerguson
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Well then there's effectively no limit.
Tight-fisted employers of Ireland take note - 11% employer contribution.
