New Ireland.

Current Age:

Retirement Age:

Tax Rate:

40%20%

Take Lump Sum:

YESNO

State Pension:

YESNO

Your Monthly
Contribution

€

Net Cost To You

€100

Your Monthly
Retirement Income

€

Plus Lump Sum

€

Your Total Fund Value

€

View Assumptions

Warning: The value of your investment may go down as well as up.
Warning: If you invest in this product you may lose some, or all, of the money you invest.
Warning: If you invest in this product you will not have access to your money until your retirement date.
Warning: This product may be affected by changes in currency exchange rates.
Warning: These figures are estimates only. They are not a reliable guide to the future performance of this product.
Warning: Past performance is not a reliable guide to future performance.

This retirement calculator is designed to provide you with an indication of the amount of income you may receive in retirement.

You should talk to your Advisor for more detailed information specific to your needs.

Unless otherwise indicated you are entitled to the maximum State Pension (Contributory) of currently €1296 per month provided your retirement age matches the age at which the State Pension becomes payable. The State Pension becomes payable from age 66 however you can defer receipt of it up to age 70.
Your monthly pension contribution increases by 3% each year up until your retirement age and is invested in a pension plan with an annual management charge of 1% and a 5% charge on each contribution. These charges are in line with the maximum Standard PRSA fees and charges.
The maximum allowable investment return before retirement is 6% per annum before charges. This rate is for illustration purposes only and is not guaranteed. Actual investment returns will vary.
All values shown are in present day money terms, i.e. the calculations aim to take account of inflation between now and your retirement date.
The calculations do not allow for the Government Pension Levy or any other levy or tax.
The annuity rate used to calculate the estimated pension is based on a post-retirement interest rate of 2.9% per annum and is in line with the guidelines issued by the Society of Actuaries in Ireland. In practice, the amount of pension purchased will depend on the annuity rates prevailing at the time of retirement.
The calculations assume that annuity payments will remain level over the term and are payable for the life of the individual subject to a minimum period of 5 years.
The calculations assume that no pension will be paid to your spouse/dependants in the event of your death in retirement.
Please note that pensions in payment are subject to tax and other duties.
The rate of tax relief available in practice depends on the rate of tax you actually pay. Tax relief is subject to upper limits which are based on age. There are also other Revenue conditions which apply. These have not been taken into account in the Retirement Income Calculator which is intended purely for illustration purposes only.
Please note that pensions and contributions to pensions are subject to approval by the Revenue Commissioners. Terms and conditions and Revenue limits apply.

Retirement Income Calculator

Calculate what you need to save for

Your Monthly Contribution

Net Cost To You

Your Monthly Retirement Income

Plus Lump Sum

Your Total Fund Value

Your Monthly
Contribution

Your Monthly
Retirement Income