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Scenarios · Pension contributions
A 15% contribution on €90,000 puts €13,500.00 into your pension but costs you €8,100.00 after tax relief.
What the contribution really costs you
€8,100.00
€5,400.00 of income tax relief on €13,500.00 going into the pension
| Contribution into your pension | 13,500.00 |
| Income tax relief | (5,400.00) |
| Cost to your take-home pay | 8,100.00 |
Take-home pay with and without the contribution
€ a year, 2026
Source: Revenue; HeyPenny calculation
| Take-home pay, No pension | €59,755.70 |
|---|---|
| Take-home pay, 15% pension | €51,655.70 |
| Income tax, No pension | €23,200.00 |
| Income tax, 15% pension | €17,800.00 |
Are your figures different? Work out your own.
What paying more into your pension really costs →