Section 481 Tax Relief

[lynchy09]

Hi,

Could anyone advise me as to how much do you need to earn to make investing the full amount(50k) worthwhile? Thanks.

 

[rob oyle]

To make it worthwhile (i.e. to claim the full tax credit in the year of investment), you need to have 50k of earnings at the higher tax rate, which would mean earnings of 82,800 in one year.
This would be based on no AVCs/other tax credits being taken and being assessed as a single person.

 

[Lightning]

You need a minimum of 25,000 EUR at the upper rate less pension contributions.

Lots are offered from 25,000 EUR to 50,000 EUR.