Retirement Planning

By: Public Sector Retirement Advisors  05/12/2011
Keywords: retirement, pension, Approved Retirement Funds

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
  • Job-sharing
  • 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

  • Pension
  • Gratuity
  • 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)

PSRI Rates

Revenue rules, especially

  • Tax Relief on pension contributions
  • Funding Rules on pensions
  • Tax treatment of pension benefits in retirement

Pension Levy

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.

Keywords: Approved Retirement Funds, pension, retirement, Retirement Funds, retirement pension, Superannuation

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Other products and services from Public Sector Retirement Advisors


Services for Groups

PSRA are uniquely positioned to provide competitive financial schemes for members of Public Sector Unions & Associations and employees of Public Sector & Semi-State Employers. Individual members are increasingly financial savvy and are no longer tolerant of poorly performing group schemes with uncompetitive charges.


Salary Protection Insurance

Salary protection or income continuance policies are designed to protect against such a sharp drop in income and cause financial worries at a time when your focus will more than likely be on your health. Most permanent pensionable employees in the public sector are paid a full salary for 6 months followed by 6 months of half pay in the event of ill health.



A full financial fact-find and investment review is undertaken to ensure a complete fit between your investment experience and existing investments, your attitude to risk, your expected return, the time frames involved and your investment goals.