Contributions to a PRSA up to the following limits will be allowable in full for tax and PRSI / Health Levy relief.  So, within the limits, an individual paying 42% tax and 6% PRSI could put €100 into a PRSA, at a net cost of €52.  If your employer is contributing to your PRSA, the tax relief limits below apply to the total of employer and employee contributions.  If you pay more than the limits below, you will not get tax relief on the excess, but can claim tax relief on the excess in future years, if your limit is not reached.  If you are not in paid employment, you can still contribute to your PRSA.  You will not get tax relief because you are not paying tax, but you can carry your tax relief forward into future years when you may be earning again.  In addition, the funds in which any PRSA invest are exempt from DIRT or Capital Gains Tax.    Contribution Limits Age Allowable Percentage of Net Relevant Earnings Up to 29 Years 15% 30 to 39 Years 20% 40 to 49 Years 25% 50 to 54 Years 30%  55 to 59 Years  35%  60 Years and Over  40%   An earnings cap of €262,382 per annum applies in respect of the above figures for 2007.  This figure will be increased in future years.   For some specific occupations the 30% limit applies irrespective of age (e.g. certain professional sports people)   Regardless of age and net relevant earnings an annual contribution of €1,525 will attract tax relief, even if this exceeds the figures shown in the table above.