ASC/PRD refunds

ASC/ PRD refunds

ASC and PRD refunds arise where an individual has not acquired a pension entitlement in respect of a relevant employment.

A person in receipt of a payment-in-lieu of pension is deemed to have acquired and received that pension benefit and therefore is not entitled to a refund of ASC or PRD

Where a person has not acquired a pension entitlement in respect of a relevant employment they are entitled to:

i. A full refund of any ASC paid

ii. A refund of PRD, if and only if, they have no other public service pension entitlement from a previous Public Sector employment they remain liable for PRD in respect of the years 2009 to 2018 as appropriate. 

We will process your Additional Superannuation Contribution (ASC) and/or Pension Related Deduction (PRD) refund through payroll. This will be facilitated using the most current Revenue Payroll Notification (RPN) provided by Revenue, ensuring accurate calculation and collection of any applicable taxes due on the refund amount.

If you have any further queries, please contact payroll@ucd.ie