The most recent data available on tax reliefs on pension contributions reveal that the State is foregoing €200m per year as a result of tax breaks on pension contributions made by people earning over €100,000 per annum.  The figures relate to just two pension products, Retirement Annuity Contracts (RACs – used mainly by the self-employed) and Personal Retirement Savings Account (PRSAs). The figures were compiled by the Revenue Commissioners in … Continue reading Up to 70% of Pension Tax Reliefs go to High Earners