Retirement Annuity Contracts
- Who can Claim?
- Conditions to Qualify
- Relief Due
- Documentation Required
- Where to send claim
- Reference Material
Who can Claim?
Any individual who is:
- Self Employed or In a non - pensionable employment and
- Who pays a premium under a Retirement Annuity Contract to provide a pension for his/her old age or for the benefit of his/her spouse or dependents.
Conditions to Qualify
Retirement Annuity Contract or contributions under a Trust must be approved by the Revenue Commissioners.
Relief Due
Relief granted at the individuals highest rate of tax.
Premiums paid subject to the following limits:
| Age of Claimant at any time during the year of assessment | Relevant % of net relevant earnings |
|---|---|
| Under 30 | 15% |
| Over 30 and under 40 | 20% |
| Over 40 and under 50 | 25% |
| 50 or over | 30% |
30% limit also applies to specified sportspersons irrespective of age.
Documentation Required
Retirement Annuity Contract.
Where to send claim
Use your PPS number to find the postal address for your Revenue office in our Contact Locator.
Reference Material
Section 784 - Section 785 TCA 1997