Lodging Bonus payment into Pension Fund

[DACMAN]

Hi,
If I have a bonus payment from my employer lodged as an AVC to my pension fund I get the 42% tax relief V's paying 42% tax if I take the payment as per normal in my salary , is this correct?

Thanks

 

[jpd]

Yes, and PRSI relief as well (a further 6%)

Downside: you can't touch it till you retire.

 

[BRICKTOP]

41%

 

[3CC]

Provided that you do not exceed the revenue % limit based on your age.