Budget 2009 - Pensions

Contribution Limit

The annual earnings limit for determining maximum tax-relievable contributions for pension purposes is being set at €150,000 for 2009 compared to the 2008 limit of €275,239.

Indexation of Maximum Allowable Pension Funds

The adjustment, in line with an earnings index, of the maximum allowable thresholds for pension funds on retirement (the standard and personal fund thresholds) will not be made for 2009.