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Wrong - several tax credits already benefit those who don't pay tax. This is just another one. For example, SSIA top-up, private health insurance premiums tax relief at source, owner occupier mortgage interest relief at source etc.Killoscully said:A tax credit is on offer - not free cash. The claimant will need to have taxable earnings to qualify.
Only transferred SSIA funds will qualify for the incentive. If you are availaing of this then there is no need to move your PRSA or open a new one. But you will not get any top-up for non SSIA funds.Decieboy said:Apologies for not making myself clear. Can existing SSIA funds + existing PRSA funds be combined & transferred to new SSIA Tax Credit Scheme to avail of €1 for every €3 offer. Or, as you said, maybe there is no benefit to this.
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