Retirement Planning Questions

What age can I retire?

Depending on you PRSI class and years’ service without actuarial reduction. For example, D1 PRSI class, age 55 with 34 years service.

How is my pension calculated?

Years of pensionable service multiplied by your final salary divided by 80.

What is my lump sum?

Your tax-free lump suim is 1 and ½ times maximum salary in total from DES & AVC.

How can increase my pension and lump sum?

Through the purchase of notional service and or with AVCs.

What’s the minimum I can contribute to an AVC?

With an AVC from Dorrin you can save a minimum of €50 per month.

Can I complete a Last Minute AVC?

If you don’t already have an AVC you may have an opportunity to complete one before you retire.

Why should I do a Last Minute AVC?

By completing a last-minute AVC you can claim a tax rebate of 40% on your AVC contribution.