Max relievable: €11,000.00 (20% of earnings)
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Pension Contribution
€5,000.00
Tax Relief (40%)
€2,000.00
Real Cost to You
€3,000.00
Relief Rate
40%
Effective Cost
60.0%
| No Pension | With Pension | Saving | |
|---|---|---|---|
| Income Tax | €13,200.00 | €11,200.00 | €2,000.00 |
| Annual Take-Home | €42,307.18 | €39,307.18 | -€3,000.00 |
Why contribute to a pension?
Pension contributions in Ireland receive generous tax relief at your marginal income tax rate. For higher rate taxpayers, a €100 contribution costs only €60 after tax relief. Your pension fund grows tax-free, and you can take 25% of the fund as a tax-free lump sum on retirement (up to €200,000).
What about auto-enrolment?
Ireland is introducing auto-enrolment pension scheme from 2025. Employees earning over €20,000 who are not already in a pension will be automatically enrolled. Both employee and employer contributions start at 1.5% and increase over time. The State will also contribute.
Revenue-Aligned: Uses official Revenue Commissioners pension relief limits for the 2025 tax year. Consult a financial advisor for personal pension planning.
Disclaimer: This calculator provides estimates based on current Revenue Commissioners rates and thresholds for the 2026 tax year. It does not constitute professional tax, financial, or legal advice. Your actual liability may differ depending on your individual circumstances. Always consult a qualified tax adviser before making financial decisions. Read our terms
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