Examination of pension contributions for a medical consultant

Client

Our client is a medical professional both employed by the state and earning consultancy income from his private clinic.

Background

A recent development in tax legislation means that our client must now apportion his contributions to his employment and personal pension plans in a very specific manner in order to obtain maximum tax relief.

Our Brief

Our client asked us to examine his contributions to both his employment and personal pension plans in a particular year to establish what additional sums he could contribute to each to obtain maximum tax relief.

Specifics of Work

We:

• Examined the breakdown of the client’s income for the particular year.
• Established what contributions he had already made in respect of his employment and consultancy income.
• Calculated the optimal contribution he could make in respect of each pension plan.
• Lodged the appropriate return with the Inspector of Taxes.
• Secured significant refund on the client’s behalf.