If you are a company director or an employee in a company and have a pension plan at your place of work, well then this applies to you.
By making a lump sum contribution and backdating this against your earnings of 2010, this will allow you to claim PRSI relief on the contribution. For those of you who pay tax at the higher rate this will mean an instant saving of rearly 50% on the contribution you make.
From Jan 2011 PRSI relief is no longer allowed against pension contributions.
You need to pay this to your pension well before the 31st Oct 2011 to claim this relief.
If you are interested in this please act now because if you leave it too late this opportuity will pass you by.