The amount of tax you can save by contributing to a pension depends on your age and the maximum allowable contribution. Here’s a breakdown of the potential tax relief:

Age Maximum Contribution Tax Relief at 40% Tax Relief at 20%
Up to 30 €17,250 €6,900 €3,450
30 – 39 €23,000 €9,200 €4,600
40 – 49 €28,750 €11,500 €5,750
50 – 54 €34,500 €13,800 €6,900
55 – 59 €40,250 €16,100 €8,050
60 and over €46,000 €18,400 €9,200

The tax relief depends on your contribution and tax rate. For example, if you’re under 30 and contribute the maximum amount of €17,250, you could save up to €6,900 in tax at the 40% tax rate.

1. Revenue Limits (2025)

Age

Max % of earnings (up to €115,000)

Under 30

15%

30–39

20%

40–49

25%

50–54

30%

55–59

35%

60+

40%

2. Your Goals

  • Think about your retirement plans and how much you want to save.

3. Backdating Option

  • If you’re filing your tax return, you can make a contribution now and backdate the relief to the previous tax year.

Need help deciding? Ask our team of experts.