T TimothyC Registered User Messages 45 6 Dec 2006 #1 Can someone confirm to me the limits for a 37 year old contributing to an executive scheme where employer contributes 15%? Am I limited to 5% or infinity? Many thanks, Timothy
Can someone confirm to me the limits for a 37 year old contributing to an executive scheme where employer contributes 15%? Am I limited to 5% or infinity? Many thanks, Timothy
L LDFerguson Registered User Messages 4,816 6 Dec 2006 #2 Your limit for contributions is 20% and is entirely separate from your employer's contribution which can be huge if they really love you. If the arrangement was a PRSA, you'd be limited to 20% including the employer's contribution. Liam D Ferguson
Your limit for contributions is 20% and is entirely separate from your employer's contribution which can be huge if they really love you. If the arrangement was a PRSA, you'd be limited to 20% including the employer's contribution. Liam D Ferguson
G Guest126 Guest 6 Dec 2006 #3 Its not infinity but could be about 60% or so for the company...it depends on the size of pension accrued to date and the current salary and the retirement age.
Its not infinity but could be about 60% or so for the company...it depends on the size of pension accrued to date and the current salary and the retirement age.