If you contract through your company you may take out a company pension scheme. This would be a scheme set up in your company name rather than your own name. There are various conditions that must be met, including the requirement for your company to fund at least 1/6th of the last of the pension benefits.
You, as an employee, may also make contributions to the fund, and a maximum amount that you may contribute is 15% of your remuneration. Tax relief will be available at your marginal tax rate.
OSK Contracting provide quality and professional business advice to indigenous Irish businesses. Our clients include government bodies; multi-national groups; PLCs; SMEs and sole traders but we specialise in progressive indigenous Irish family owned businesses.
Reprinted with kind permission by OSK Contracting www.osk.ie
Phone: 01 439 4200 East Point Plaza East Point Dublin 3
