AskTheQuestion
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Hey All, I have a quick question regarding monetary limits on contributing to a PRSA or other pension. I know that there are predefined limits on the amount you can contribute of your gross annual income for tax relief purposes based on age, but is there an upper limit on what you can contribute over this amount?
For example, if I can maximise my tax relief by contributing 10,000, is there anything stopping me from contributing additional after tax income to avail of tax free growth and dividends?
Thanks in advance.
For example, if I can maximise my tax relief by contributing 10,000, is there anything stopping me from contributing additional after tax income to avail of tax free growth and dividends?
Thanks in advance.