Amazing tax relief offer
It’s true. It’s not every day that you can get up to 41% tax back on your savings. But when you
save for your retirement, you can.
The last time we met; starting a retirement plan was highlighted as something you should
really think about. So, why not make the most of the tax benefits and start saving for your
How does it all work?
When you save for your retirement you get really generous tax benefits from the government
which can help boost your retirement plan. Why not take a look at the flyer enclosed where
we explain how it works. See below for a quick summary:
- Get €10.00 for €5.90
If you pay tax at the higher rate the actual cost to you of saving €10.00 into a
retirement fund is only €5.90.
- Get €10.00 for €8.00
If you pay tax at the standard rate the cost to you of saving €10.00 into your
retirement fund is only €0.00.
You see, when it comes to saving for retirement, the tax man in on your side.
Pension income in retirement is subject to income tax at your highest rate on withdrawal and
will include any levies payable at that time.
Call 1850 356 200 to find out more
To find out more about the great tax benefits available on retirement plans, why not book a
retirement review today. You can call me on < > or call 1850 356 200 to arrange an
appointment at a time and place that suits you.
Personal Financial Consultant
Warning: The value of your investment may go down as well as up.
The example above assumes income tax relief at 20% if you pay tax at the standard rate and 41% if you pay tax at
the higher rate. Pension funds are long term savings plans that can only be taken on retirement. In the interest of
customer service we will record and monitor calls. Irish Life Assurance plc is regulated by the Central Bank of Ireland.
Income tax rates are current as at May 2012. Income tax relief is not guaranteed. To claim income tax relief, you can
apply to your Inspector of Taxes to adjust your tax credits. Contributions deducted from salary will receive immediate