PAYE, Pensions & Tax Relief

You may have heard me recently on with @louisemcsharry on @rte2fm talking about your options as a PAYE worker. 📻 In this video we’ll run through all things to do with pensions and tax relief if you’re a PAYE worker.
When people talk about tax back they generally think; It's really only for self-employed people, but this is a massive opportunity for PAYE workers❗️ You can claim tax back on medical expenses for example, you could do that today if you wanted! So let’s get your money working harder for you and look at the opportunities available to all those PAYE workers out there. 💪💶
#askpaul #paye #pensions #taxrelief #personalfinance #moneymadeeasy #pensionsmadeeasy

[@madzyadzy07]

Great video! One thing to point out is that with some of the life companies when you make your 2020 AVC they will issue you a tax credit certificate acknowledging this payment, it’s this certificate that needs to be submitted to revenue at the latest 31 October, not the date you make the payment which is an easy mistake to make.

[@berniemods]

Been looking into this area in depth lately, love the vid.
Any comment on the recent talk of lowering the tax free lump sum at retirement?? Scary

[@downburst1]

After the next election that’s a coming, plus 1% wealth tax /100k /annum

[@mcloughlinsondecorators]

Any chance of a video on Retirement Relief for business owners ?

[@MD0886]

if you're 45 you can contribute up to 25% tax free

[@aliasgharkhoyee9501]

Good tips, but is that tax return math correct? I thought the 40% tax deduction is on pre-tax money, not post-tax (so you should be getting back much more than 40% of your post-tax money).

[@MC-pg2ko]

I received a lump sum pension payment from my late partner's estate. The amount was taxed at 33% when I filed my IT38S. Am I required to process this payment in my Annual tax return?

[@kamilszos4860]

so to get tax relief for 2023? I must the payment be made before October 31st? I'm asking because I set an annual payment of €2,000 but it turned out that I would earn much more and I wanted do AVC transfer the entire payment subject to 40% tax to my PRSA account

[@jameshunt4835]

Another lit video. Comment, subccribe, click the like.