Techtalk: Opportunities and Pitfalls - Advising clients on backdating a pension contribution to a prior year
With the Revenue “Pay and File” tax deadline approaching, it's crucial to understand the benefits and challenges of making pension contributions before the deadline to maximise tax relief.
For those customers who are registered to use the Revenue On-line Service (ROS), the extended deadline for on-line tax returns is Thursday, 14th November 2024.
- This includes customers registered on ROS who make contributions to Personal Pensions, Personal Retirement Savings Accounts and AVCs where tax relief can be claimed in respect of the previous tax year.
- The extended deadline for making Personal Pensions, Personal Retirement Savings Account (PRSA) or AVC payments also applies to Pay As You Earn (PAYE) customers provided the claim is made on-line (on the on-line Form 12) and any liabilities arising are paid on-line (through the “Payments” option in myAccount on Revenue website).
Read the full TechTalk here
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