PRSA Changes

The Finance Act of 2022 introduced a number of taxation changes to pension contributions, as detailed below:

• Employer contributions to a PRSA on behalf of an employee are no longer considered a benefit in kind for the employee. 
• There is no limit to the level of contributions that an employer can make to a PRSA on behalf of an employee*.

So, if your company has surplus a cash flow, rather than let it sit in a bank account earning nothing, invest it in a PRSA, claim tax relief and benefit from a pension at retirement!

*subject to revenue rules. Max funding limit of €2m applies. Values can fall as well as rise. If you invest in these funds you may lose some or all of your investment.