Self-Employed Pensions

(Suitable products typically include PRSAs, PPPs, and Self-Directed Pensions)

Pensions for sole traders and partners

If you are self-employed you are entitled to pay between 15% and 40% of your profits (depending on your age) into a Personal Pension Plan or PRSA each year, and write this contribution off against tax, PRSI and Health Levies.

For example, if you are a 55 year old self-employed person making a EUR80,000 profit a year, you may be able to pay up to EUR28,000 (35% of your profits) a year into your personal pension plan or PRSA, which means you will only be liable to pay tax on EUR52,000 profits.

Meet the Professionals

Your local AIB Financial Adviser can meet with you and even your accountant to offer pension advice on how best to maximise your retirement tax allowances and build a substantial pension fund.

AIB has an outstanding range of pension plans, including Personal and Self-Directed Pensions, which means we are perfectly placed to meet the needs of self-employed people both now and if your needs change in the future.

This information is based on AIB's understanding of current law, tax and Revenue pratice, September 2008.

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