Taxes Consolidation Act 1997 section 192Q

Exemption in respect of State contribution under automatic enrolment retirement savings system

Section 192Q exempts from income tax and universal social charge any State contribution made under the Automatic Enrolment Retirement Savings System Act 2024.

• A State contribution paid under the automatic enrolment retirement savings system is completely exempt from income tax.
• The State contribution is not included when calculating an individual's total income for income tax purposes.
• The State contribution is also excluded when computing amounts chargeable to universal social charge (USC).
• This section is subject to a Commencement Order by the Minister for Finance.