Does a PRSA come with tax breaks?
A PRSA, like all pension products, offers tax relief on contributions. As it is personal to you, the level of contribution is regulated according to your personal situation. Thresholds exist for the amount of tax relief at different stages of your life.
You will receive income tax relief within the following age brackets.
What is the maximum annual tax-deductible for a PRSA?
Everyone that takes a PRSA has a maximum amount of earnings for which tax relief is provided. It is currently set at €115,000. This is set by the Minister for Finance and is open to adjustment from time to time.