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The National Recovery Plan, 2011 – 2014, proposes the abolition of pension relief for employee PRSI and Health Levy contributions from 2011. Furthermore top rate income tax relief on pension contributions will fall from 41% in 2010 to 34% in 2012, 27% in 2013 and 20% in 2014. This means there is a great opportunity for people with money sitting on deposit to benefit greatly by making a pension contribution for 2010.
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