Skip navigation

ucd_wide_banner_img.gif
SEARCH UCD

Advanced Search
 
 
UCD Payroll Office
Oifig Párolla UCD

Pensions

Employee PRSI on pension contributions

From 01 January 2011, employee contributions to occupational pension schemes and other pension arrangements will no longer be exempt from employee PRSI. Such contributions will also be subject to the Universal Social Charge which comes into effect on 01 January 2011.

Employer PRSI on pension contributions

Employee contributions to occupational pension schemes and other pension arrangements are exempt from employer PRSI which would otherwise apply at a rate of 10.75%.  The extent of this relief will be reduced by 50 % from 01 January 2011.

Contribution Limit

The annual earnings limit which (along with age-related percentage limits) determines maximum tax-relievable contributions for pension purposes is being reduced from €150,000 to €115,000 for 2011.

The annual earnings limit for 2010 will also be deemed to be €115,000  for the purpose of determining how much of a pension contribution paid by an individual in 2011 will be treated as paid in 2010, where an individual elects under existing rules to have it so treated.

Income Protection

In line with University Policy, all staff members on permanent contracts will automatically be included in the income protection plan.

Current standard rates of contribution are:

  • New Entrants (post '95): 0.61% of gross salary
  • Pre '95: 0.82% of gross salary
Back To Top
UCD Campus
Pensions