Personal Pensions (or PRSAs) are for self-employed (Schedule D) earners, or those who do not wish to avail of the employer-sponsored pension scheme.
PRSA Tax Relief
If you are not a member of an employee pension arrangement or if you are self-employed you will be able to claim full Income Tax relief and PRSI/Health Levy relief on PRSA contributions up to a maximum of 254,000EUR in any tax year.
For more information on maximum funding rates and rules on taking benefits please contact us.