Treatment of Pension paid by my own Company

I'm preparing my Form 11 for 2008 and I have a few questions if someone could help please. I also prepared my own P35 in January.


I have trading income (from a farm) and I am a proprietory Director and employee of my own company. My company pays pension on my behalf. I also prepared my own P35 in January.


- I have included both Pension Payments and Salary on the Company P35. Is this correct treatment. I figured that I was basically receiving the money from the company so it should be taxed?

- In my Form 11, I am going to enter the pension amount paid by my company as a pension payment, to have the effect of reducing my taxable income - is this the correct / acceptable treatment?

Thanks.

I have done some 'googling' and I think that I did not have to include Company Pension Payments as Gross Income so PRSI might be overpaid?

Can I ring Revenue to ask some questions without giving my name etc.?

Revenue do not usually give responses to questions without your name and PPS number.

You should complete an amended P35 and request the refund if you have overpaid.

If the Company paid into a pension for the benefit of general employees or directors that is a company expense, nothing to do with director's pay. There is a factor based on age of director which is multiplied by the director's remuneration to find the limit of what the company can contribute.
If the pension is a personal one, and the company paid on your behalf, yes it is a benefit in kind, but cancelled out by the amount you can claim tax relief for.
Assuming you did not contribute more than allowed percentage of your relevant income ( goes on age) I would agree you have overpaid Prsi, and should ask Revenue to send you out a form to do an amended P35. It's not an unusual request; they will take a few weeks to process the refund though.