DELLBOY 08
Registered User
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- 75
I have two questions which I'd greatly appreciate responses to.
1.) If you are paying into a Defined Contribution Pension Scheme & are earning a basic gross salary of lets say €35,500 (ie. only €100 of salary taxed @ 41%), will you only receive tax relief @ 41% on the first €100 contributed or on all of your contributions?
2.) If the above is correct (ie. tax relief only @ 41% on the first €100 of your contributions), is there any way of making an annual bonus work to your advantage? Is it possible to make only one annual payment into your pension fund in the month you receive your annual bonus so that all your contributions receive tax relief @ 41%?
1.) If you are paying into a Defined Contribution Pension Scheme & are earning a basic gross salary of lets say €35,500 (ie. only €100 of salary taxed @ 41%), will you only receive tax relief @ 41% on the first €100 contributed or on all of your contributions?
2.) If the above is correct (ie. tax relief only @ 41% on the first €100 of your contributions), is there any way of making an annual bonus work to your advantage? Is it possible to make only one annual payment into your pension fund in the month you receive your annual bonus so that all your contributions receive tax relief @ 41%?