A state pension will provide you with a basic level of retirement income, provided you qualify. For example, the full state pension (contributory) is €13,172 per year (or €253.30 per week). The state pension increases by €10 per week for those over age 80. (Correct as of Jan 2022)
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Financial blog and articles on savings, investments, and personal finance from Advice First Financial.
Yes, you can. If you wish to claim backdated tax relief for 2021 you will have to ensure that your pension contribution is paid on or before 28 October 2022 AND that you have submitted your claim for tax relief before the tax deadline.
Whether you’re an employee, self-employed or company Director, the deadline for tax returns is 31st October but you NEED to start the process ASAP to avoid missing out.
If you work for yourself, it can be tough to plan for retirement or know which Pension option is best for you.