Financial Resolution No. 9 amends section 790A of the Taxes Consolidation Act 1997. The section provides that, for the purpose of giving an individual tax relief on private pension contributions, the total amount of his or her income that can be taken into account cannot exceed a specified amount, known as the earnings limit. It operates in conjunction with age-related percentage limits to cap the amount of tax relievable contributions that can be made by an individual to pension products in any one year. The earning limits operate on an aggregate basis in that the measure applies across all contributions and qualifying premiums that an individual makes to an occupational pension scheme, a retirement annuity contract or a PRSA in any tax year.

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