Ireland Pension Tax Relief & PRSA Calculator
Calculate 20% & 40% tax savings on personal pension and PRSA contributions.
How Irish Pension Tax Relief Works
Contributing to a pension (Occupational Pension, Personal Pension, or PRSA) is the most tax-efficient investment strategy in Ireland.
1. Marginal Tax Relief
Contributions receive tax relief at your top rate of Income Tax (20% or 40%). A €100 contribution costs a 40% taxpayer just €60 after tax savings.
2. Age-Based Contribution Caps
Maximum percentage of gross earnings (capped at €115,000) allowed for tax relief:
- Under 30: 15%
- 30–39: 20%
- 40–49: 25%
- 50–54: 30%
- 55–59: 35%
- 60+: 40%