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Income tax relief for pensions in Ireland

The maximum pension contributions, in any one year, for which you are entitled to tax relief, is related to your age and is expressed as a percentage of your gross income. The maximum gross income figure for relief purposes is €115,000. The maximum tax relief you receive as a % of your earnings for pensions in Ireland is set out below.

Tax Relief by Age Bracket

Under 30:

30 to 39:

40 to 49:

50 to 54:

55 to 59:

60 and over:
15% 20% 25% 30% 35% 40%

*For employees, "earnings" means gross pay for tax purposes. while for the self-employed, "earnings" means net relevant earnings, i.e., earnings less allowable expenses.

To be eligible to claim income tax relief, your income must be taxable under either Schedule E or Schedule D (case I or II). Contributions deducted from salary will receive tax relief at source. If you are self-employed or a proprietary director, you must include your pension contributions in your online self-assessment tax return in order to obtain income tax relief.

Detailed information regarding tax relief on contributions and pensions in general can be found on citizensinformation.ie and revenue.ie Both of those links are to external websites not associated with Irish Life.

 

Income tax relief is not guaranteed.
To be eligible to claim income tax relief, your income must be taxable either Schedule E or Schedule D (case I or II).
 
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