Now it’s time to go back to the basics and look at how you can reduce your overall tax bill through smart pension planning. It’s actually one of the best ways to avail of tax relief while safeguarding your financial future.

Let’s look at the various options available to do this. When looking for a pension that right for you and/or for your business, it’s essential that you research thoroughly and that ultimately you are in control of your pension fund. It is easier to make pension payments on a regular basis as opposed to multiple large lumps sums. This way it’s less financially impacting to your monthly salary or business takings.

Most of us know about the generous tax relief for individual pension contributions – but not many of us know about the benefits for Company directors

This blog goes into brief detail on tax benefit for your company on contributions and also how to increase your tax free lump sum at retirement – i.e. how to achieve the max tax free €200,000. Not just 25% of your pension pot but 1.5 * final remuneration (up to max tax free of €200K)

Those of us living in Ireland are familiar with our payslips or our employees’ payroll systems. However, for those who are relocating or thinking about relocating to Ireland, this information will need to be fully understood to ensure smooth transition to the Irish tax system.