Tel: +353 (0)404 67123
Email: info@inverdea.ie
The example shows a net cost of €6,560 after tax to the client in return for an additional €10,000 saved in their pension.It shows a reduction in income tax by making a pension contribution whereby tax relief is granted partly at the marginal rate of 40% and part at 20%. Therefore, giving the client a marginal tax rate of 34.4%.
