Pension

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May 13, 2018 at 4:28 pm #451678
priyashju30
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Hi Tutor

If A’s Income from property is 40,000 euros and employment income is 5,000 euros and his gross contribution to personal pension is 8500 euros . what is the tax relief available ?

Is the relief available : 5000*20/100=1000 euros at source

and basic rate and higher rate extended by 5000 ?

Thank you
May 17, 2018 at 6:33 am #452367
Tax Tutor
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Yes – unless any part of property income is from furnished holiday lettings which would then also qualify as net relevant earnings
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