Social Welfare Consolidation Act 2005

Return of contributions - payments to personal pensions.

[2002 (MP) s11]

38.—(1) Regulations may provide for the return, subject to any conditions, restrictions or deductions that may be prescribed, of so much, if any, as may be prescribed of any employment contribution under section 13 (2)(d) paid by, or in respect of, an employed contributor, or of any self-employment contribution paid by a self-employed contributor under section 21 (1)(c), in respect of the amount that may be prescribed of—

(a) any payment made by the person to a Personal Retirement Savings Account,

(b) any payment made by the person which is a qualifying premium under an annuity contract for the time being approved by the Revenue Commissioners under Chapter 2 of Part 30 of the Act of 1997, or

(c) any payment made by the person which is a contribution allowable under section 774 or 776 of the Act of 1997 as a deduction from emoluments in assessing those emoluments to income tax under Schedule E of that Act.

[2002 (MP) s11; 2005 (SW&P) s26 & Sch 4]

(2) In this section “Personal Retirement Savings Account” has the meaning given to it by section 91 of the Pensions Act 1990 .