Max pension question

[dublinaam]

Hi,

I am maxing out my pension contributions (25%). I understand this can be done up to 115k but my salary is 130k.

What impact does this have on the 15k I am over the limit?

 

[Sarenco]

You get income tax relief at your marginal rate on annual pension contributions up to €28,750.

Anything over that amount gets zero relief - it’s taxed as normal.

 

[Deauville]

Hi,

I am maxing out my pension contributions (25%). I understand this can be done up to 115k but my salary is 130k.

What impact does this have on the 15k I am over the limit?

If you’re projected to exceed the relief by the end of this tax year , I presume you could take your foot off the peddle for the remaining months of this year.
If you fall short of your allowable relief you could top it up next year with a lump sum AVC before end of October 2025 and apply it to tax year 2024.

Similarly, if you didn’t max your allowable relief for 2023, you could top that before end of October this year.

I don’t work in financial services. Just speaking from my own experience.