The little-known Irish tax refund windfall you can trigger with your pension (...take advantage of it)

Want to increase pension contributions tax-efficiently beyond your salary deductions?

There's a little-used Irish Revenue provision that refunds savers 40% of after-tax lump sum pension top ups...putting THOUSANDS back in your pocket!

Say you have €10,000 of non-pension savings this year.

Rather than let it sit idle in low interest accounts, you can:

✔️Invest it into your pension as a special top up contribution - Within your yearly limits 

✔️Instantly claim back 40% of that from Irish Revenue

That's €4,000 off your tax bill!

So your €10,000 outlay only actually costs you €6,000 after-tax.

This incentive aims to motivate savers to invest more into their pension pot for retirement.

But shockingly few citizens capitalise on it.

That's madness, leaving free money unclaimed!

Now here is where it gets even better…

That €10,000 top up plus the €4,000 tax break you pocket can remain invested and compound tax-free for years inside your pension until needed.

Allowing that incentive to grow amplifies already gigantic gains over a working lifetime.

The tax refunds accumulate phenomenally by retirement age.

PS - I helped 50+ Irish professionals plan for early retirement in 2023…

DM me “Retire” to learn more about how I help you do the same