Personal Pension

Any self employed person or employed person in Ireland who does not have an occupational pension scheme is entitled to organise a personal pension.

Personal pensions are subject to tax law and to the general law on Insurance they are not subject to the regulation of the Pensions Board.

Tax relief is available on all contributions to personal pensions as per the table below:

Age	Amount which qualifies for tax relief
Under 30 yrs	15% of net relevant earnings
30 – 39 yrs	20%
40-49yrs	25%
50 +	30%

There is a ceiling of €254,000 euro on the earnings that may be taken into account.