The countdown for this year’s tax return has begun – for the more than 400,000 tax payers who work for themselves or who receive income which is not taxed under the PAYE system. The deadline for paper tax returns is 31st October while the deadline for filing an online return is 10th November, 2016.
Once your final tax figure has been calculated you have the option of:
(A) paying this amount over to the Revenue Commissioners OR
(B) reducing the tax payable amount or possibly eliminating your tax liability completely by making a pension contribution.
By selecting “option B”, you are also helping to provide for yourself financially in retirement. Don’t leave it until the last minute to prepare and file your return.
Talk to us at Fahey Financial Solutions today.