Invested: The pension master plan
Time is running out for those who wish to make a pension contribution to reduce their 2016 tax bill, but don’t rush into investing in ‘any old pension’ for the sake of it
If your neighbour is an accountant or a pensions adviser, don’t be too concerned if you haven’t seen them for weeks. They’re probably working from dawn until dusk this month, stopping only to wolf down a takeaway and grab a couple of hours sleep. All their self-employed clients must file their tax return for 2016 no later than November 16, 2017. That date only applies to those filing and paying their taxes through Revenue’s online system, ros.ie – those who still file a paper return must do so by the last day of October. Hand in hand with the tax return deadline, those who want to make a pension contribution and include the tax relief in the 2016 tax year must also make the contribution no later than November 16, 2017.
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