Hi
I am self-employed and currently completing Form 11 for 2008.
In have a PRSA in to which I contributed 1100 euro for 2008.
In the PRSA section of the Form 11 (I am using the ROS offline application) I enter in 1100 in to the field labeled -
Could somebody please clarify
I am self-employed and currently completing Form 11 for 2008.
In have a PRSA in to which I contributed 1100 euro for 2008.
In the PRSA section of the Form 11 (I am using the ROS offline application) I enter in 1100 in to the field labeled -
(d) PRSA contributions paid directly by you to a PRSA provider
On the calculate page of the offline application, the 1100 figure is deducted from my Total Income. I thought with PRSA's you were able to claim tax credit at your marginal rate of tax - hence 10% or 41% of 1100. However the ROS offline application appears to be giving me 100% tax credit for the amount I contributed.
Could somebody please clarify