Public Sector Pension Related Deduction 01 January 2010 (Revised Budget 2009)

For all Public Sector organisations, employee’s pay from 01 January 2010 will be subject to a Pension Related Deduction and applies to employees who

  • Are members of a Public Service Pension Scheme
  • Those entitled to a benefit under a Public Service Pension Scheme
  • Have an entitlement to join a Public Service Pension Scheme
  • Those who receive any type of payment or allowance in lieu of membership of a Public Service Pension Scheme

The Levy is calculated as follows:

Weekly Threshold Monthly threshold Levy (%)
€288.46 €1250.00 0%
€384.62 €1666.67 5%
€1153.85 €5000.00 10.00%
Balance Balance 10.50%

This means   (%)
First €1250.00 at   0%
Next €416.67 at   5%
Next €3333.33 at    10.00%
Over €5000 at   10.50%

It is payable on all income, pensionable and otherwise (Overtime, allowances or any other like payment). It is additional to any other pension contribution that you are already paying.

It excludes Revenue-approved salary sacrifice: i.e. Travel pass salary deduction

The Deduction will not apply to a pension or pension lump sum.

Under the Income Tax Acts, deductions will be treated in the same way as a normal pension contribution. It will not affect the calculation of an individual’s limit under Revenue rules for pension contributions (including AVC’s).

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