PRSA Funding

Based on Finance Bill 2024, from January 2025 onwards a Company can contribute up to 100% of the salary of an Employee / Company Director into a PRSA Pension without it being a ‘Benefit In Kind’ to the pension owner.

This has put an end to the prior Finance Bill 2022 (which applied to years 2023 & 2024) where there was no ‘cap’ on how much the Company could contribute to a PRSA, subject to the Standard Fund Threshold (SFT).