Dentists don’t benefit from a state-backed pension scheme. Whether self-employed or salaried, you are responsible for your own retirement planning. The good news? Pension contributions are one of the most tax-efficient ways to build long-term wealth while reducing your annual tax bill.

Why Tax Relief Works in Your Favour

When you contribute to a pension, you get income tax relief, which at the 40% tax rate, every €100 costs you just €60. Put simply, Revenue helps fund your retirement.

Example

A dentist contributing €10,000 into a pension could receive €4,000 back in tax relief—bringing the net cost down to just €6,000.

Contribution Limits: Tax relief is capped by age-related percentages of your net relevant earnings (up to €115,000 pa):

- Under 30: 15%

- 30–39: 20%

- 40–49: 25%

- 50–54: 30%

- 55–59: 35%

- 60+: 40%

‍

From 2030, the lifetime threshold for pension savings will rise to €2.8m. Dentists who start saving early are well positioned to reach this and secure a strong retirement income .

Why Dentists Should Act Now

With high earnings, practice costs, and long careers, dentists often pay tax at the top rate. Pension contributions are one of the simplest ways to cut that bill while building wealth for the future.

At Omega Financial, we help dentists:

- Calculate the optimal annual contribution.

- Navigate Revenue’s pension rules with confidence.

- Align contributions with career stage and financial goals.

- Consolidate multiple pension pots for simplicity.

‍

Don’t leave money unclaimed. Every contribution made before October 31st can reduce your tax bill while strengthening your retirement fund.

‍

📞 Schedule a free consultation today at +353 1 293 8554 (Sandyford office).

‍

OFM Financial Ltd T/A Omega Financial Management, regulated by the Central Bank of Ireland.

‍