Tax saving opportunities 2023
Maximising pension contributions can be a very effective way to help your clients save for the retirement they deserve. With this in mind we've put together targeted sales aids to help you discuss the options available.
![](/-/media/project/zurichie/zurichmainsite/blog/20230912-broker-tax-saving/couple-getting-financial-advice-400x700.jpg)
If you're writing to your clients this pension season, be sure to include these flyers to help demystify the deadline for them!
These sales aids are fully customisable with your logo on the front and space for your contact details and reg line at the back. Please ensure you download the flyers before adding your logo/contact details.
Important Self-Assessment Dates 2023: Tuesday 31 October or Wednesday 15 November for ROS users.
Tax saving opportunities for employees
Employees may be entitled to a refund of some of the Income Tax they paid in 2022. This can be achieved by personally making a lump sum Personal Pension, PRSA or PRSA AVC contribution, depending on your employment circumstances, by 31 October 2023 (or 15 November 2023 for ROS users) and electing to backdate the tax relief to 2022.
Find out more here.
Tax saving opportunities for self-employed
Those who are self-employed must calculate their tax liability and make a payment by 31 October 2023 (or 15 November 2023 for ROS users) in respect of their:
1. Final Tax Assessment for 2022;
2. Preliminary Tax for 2023.
Find out more here.
Tax saving opportunities for proprietary directors
Proprietary directors (i.e. a director who owns or controls more than 15% of the shares in their company) are obliged to file self-assessment tax returns by 31 October in respect of last year, even if all of their income is taxed under the PAYE system.
Find out more here.
Public servants
For public servants a review must take place to determine the scope for the AVC which can be made in terms of obtaining Tax Relief. When determining the scope for that Additional Voluntary Contribution, a number of factors come under consideration.
Find out more here.