The public sector pension or Superannuation is an excellent benefit of your employment. While it is based on the simple concept that benefits are based on your service and salary at retirement, it is becoming increasingly complex. In order to properly understand your pension and ensure you receive the right advice it is important that you turn to the experts.
Most advisors geared to the private sector such as banks, insurance brokers and accountants are simply not equipped to deal with all the relevant areas. PSRA can help you with all aspects of your Superannuation including the areas outlined below. Speak to PSRA about:
Treatment of service history
- Breaks in service
- Part-time service
- C areer breaks
Early Retirement schemes including Cost Neutral Early Retirement
“New Entrant” Rules
Career Average v Final Salary calculations
Non- Pensionable income such as on-call income or private practice income.
Professionally added years.
Funding missing years
- Buying Back Years/PCW Buyback scheme
- Notional Service Purchase (NSPs)
- Additional Voluntary Contributions (AVCs)
- Last Minute AVCs
- Personal Retirement Savings Accounts (PRSAs)
Benefits and options in retirement
- Spouses and Children’s Pension
- Approved Retirement Funds (ARFs) & Annuities
- Tax-free cash
- Taxable cash
Tax Rates, Cut-off points and credits (both before and after retirement)
Revenue rules, especially
- Tax Relief on pension contributions
- Funding Rules on pensions
- Tax treatment of pension benefits in retirement
Marital Status and Children (if any)
Inheritance and Marital separation Issues
Ill Health Early Retirement Pension
Contributory Old Age Pension
Talk to a PSRA expert today about any of the above areas. Call 1890 282 282 to speak to an expert or arrange an appointment. Let PSRA help you plan your retirement with confidence.