Taxes Consolidation Act 1997 section 790A

Annual limit on contributions

Section 790A sets an aggregate earnings limit on the amount of income that may be taken into account when calculating income tax relief on an individual's pension contributions, regardless of how many pension products the individual contributes to.

• An overall earnings limit (currently €115,000) caps the total remuneration and net relevant earnings that may be taken into account for pension contribution tax relief in any year of assessment.
• The limit applies across all pension products — occupational pension schemes, retirement annuity contracts, PRSAs, qualifying overseas pension plans, and Pan-European Pension Products.
• Where an individual has both employment income and self-employment income and contributes to more than one type of pension product, pensionable remuneration from employment is taken into account first in determining the scope for tax-relievable contributions.
• If pensionable remuneration from employment equals or exceeds the earnings limit, no further tax relief is available on contributions to a personal pension plan for that year.