Started Pension this month - Can i claim tax relief from last year

M

minion

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Can i also get tax relief for last year?

I've just started a personal pension this month via Quinn Lifes freeway funds.
i am over 30 and the max i can contribute is 20% of salary for tax relief.
Can i also get tax relief for last year?
Can i contribute double the normal max for tax relief this year, and if so how can i claim back the tax.
Sorry if its a dumb question but Quinn-Life arent great when it comes to asking them these types of questions.
Thanks.
 
As a sole trader/company director I can - Not sure about PAYE workers - But presume you can. Its on the annual Tax Return form - How much pension paid in respect of last years allowance.
 
also think you can, but as long as you pay it by the 31 october in the following year. don't forget over limit amounts can be carried forward too.
 
Thanks guys
I think i'll lob some of my SSIA into the pension, even though i dont qualify for the pension incentive they have announced. At least i'll get some tax back.
 
You'll do better than the SSIA pension incentive anyway if you've paid 42% tax on the value of your contributions.

Incidentally, I made this point on a thread related to the SSIA pension scheme, might be worth checking it out if its a valid point if it applies to you.

Would this be a good deal if one were already contributing max AVC to a pension, can this SSIA top-up be claimed also.

For example, for someone earning the max €50k who were contributing 15% to a pension already (let's assume that 15% is their max), they'd already be contributing €7,500 p.a. (15% of 50k).

Could they also put a further €7500 from the SSIA into their pension and avail of the €1-in-3 as well, as they're only availing of one tax relief on each 7.5k?
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