Self employed pension contribution

J

JDQ0604

Registered User
Messages
15
Hi, can someone please give me a simple example of the above, say a 50 year old earning 100k per year self employed with a tax bill of €50k for 2015 looking to make a lump sum payment with no other income or no existing/previous pension contributions? Is there a calculator or formula for this? Thanks
 
He can put 30% of €100k into his pension (i.e. €30k). That reduces his tax bill by €12k.
 
...it will also reduce his prelim for 2017 by €12k too


Steven
http://www.bluewaterfp.ie (www.bluewaterfp.ie)
 
Isn't it too late to avail of tax relief for 2015 tax bill in 2017....only 2016 can be reduced by 0ct31st
Fidel
 
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