31 October 2015 is an important date in all of our calendars...

01/11/2015 Posted by CERS Admin | Comments(0)

31 October is an important date in all of our calendars. It represents a last chance to get some money back from the taxman for 2014!

This is the final date on which you can claim tax relief on backdated Additional Voluntary Contributions (AVCs). If you pay a lump sum AVC by cheque and claim tax relief on this AVC by 31 October you can get tax relief in respect of the previous calendar year.

 For example, if you pay a lump sum AVC by 31 October 2015 you may get tax relief in respect of any unused tax relief for 2014 providing you claim this relief from the Revenue by the 31 October 2015.


Additional Voluntary Contribution paid 25 October 2015:              €2,000

Reduction in 2014 tax bill (41% tax payer):                                                   €820

Actual cost to you of additional €2,000 into your pension:              €1,180

Budget 2015

Tax relief for pension contributions continue at marginal rates.  However with effect from 1 January 2015 the higher rate of income tax reduced to 40% .  The 2015 rates of income tax are:

Standard Rate


Higher Rate



Subject to affordability, individuals on the higher rate of tax should consider maximising their pension contributions before the end of 2015 in order to benefit from the higher rate of relief available at 40%. 

Please note that the Revenue deadline is extended for members who complete their tax return online using the Revenue Online Service (ROS). This year the extended deadline is Thursday 12 November.

If you have any queries on AVCs please contact the CERS Admin Team on



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