Financial planning & tax strategy for Irish directors and contractors
Maximise your take-home pay and build a private safety net. We provide Limited Company Directors and Umbrella Contractors with tax-efficient wealth structures to transform company money into personal wealth.
Get a tax-efficiency reviewStrategic wealth management for Limited Company Directors
Wealth extraction
Moving corporate surplus into personal wealth efficiently.
- PRSA funding: employer contributions allowed up to 100% of your annual salary
- Executive Master Trusts: modern pension structures built for full IORP II compliance
- Corporation tax relief: employer pension contributions are a deductible business expense
- Post-tax efficiency: balancing salary and dividends for optimal personal outcomes
Director protection
Securing your standard of living and your family's future.
- Executive Income Protection: company-funded salary replacement if you cannot work
- Life insurance: replace Death in Service — insure more than 4x salary if you wish
- No BIK for directors: correctly structured protection avoids Benefit-in-Kind tax
- Keyperson insurance: business continuity in the event of a director's illness
Pension tax savings for company directors & contractors
For Limited Company Directors and self-employed professionals, a pension (PRSA or Master Trust) is a premier tool for wealth extraction — reducing your Revenue tax liability while moving company profits into personal, tax-free wealth.
Our 2026 calculator estimates the net cost of your contribution by applying tax relief at your marginal rate.
Discover how to maximise your take-home pay by converting your day rate into long-term, tax-efficient wealth via employer PRSA contributions.
Tax efficiency is maximised for Limited Company Directors via PRSA contributions.
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Total estimated savings
Disclaimer: This 2026 Irish contractor tax calculator is for illustrative purposes. For personalised advice on Section 787 business relief, contact Financial Health.
Contractor wealth FAQ
Yes. Through a Relevant Life Policy, your company can pay the premiums and claim them as a business expense. Crucially, this is typically not treated as a Benefit-in-Kind (BIK) for you, meaning you save on the personal income tax you'd have paid to cover the policy privately.
Under current 2026 rules, your company can make significant contributions to your PRSA with no BIK for the employee and full Corporation Tax relief for the business — one of the most efficient ways to extract wealth from your company without hitting the 52% marginal tax rate.
Your pension assets are yours. If you cease contracting, your PRSA or Master Trust can be made paid-up or transferred into a Personal Retirement Bond (PRB). We ensure your wealth remains portable and optimised, regardless of how your employment status changes.
In many cases, as a director, you can access your pension from age 50 onwards if you've severed ties with the company. This is a complex area involving Revenue's "Leaving Service" rules, and we provide the forensic planning required to execute this correctly.
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