Pension contributions

Employer contributions to the following schemes and products on behalf of employees are not a Benefit-in-Kind to employees.

You should not deduct tax under Pay As You Earn (PAYE) or Pay Related Social Insurance (PRSI) from your employer contributions if the scheme is:

  • an OPS
  • a PRSA
  • or
  • a PEPP.

From 1 January 2016, Universal Social Charge (USC) is no longer payable on contributions you make to an employee's PRSA or PEPP.