Cornmarket's Pension Quiz

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* 1. How many different Pension schemes are there in the Public Service?

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* 2. How many years of service is required for Pre 2013 starters to get maximum benefits from your employer?

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* 3. What is your normal retirement age for Post 2013 starters?

66 (SOAP)

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* 4. Around how much will a pre-2004 Entrant on average retire with after 28 years of service with a salary of €60,000 per annum?*

€10,000

€15,000

€21,000

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* 5. Around how much will a Single Scheme Entrant on average retire with after 28 years of service with a salary of €60,000 per annum?**

€8,000

€10,000

€12,000

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* 6. What is the maximum tax relief on pension contributions?

10%

25%

40%

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* 7. What is the average age a Cornmarket client starts their AVC?***

In their 20's

In their 30's

In their 40's

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* 8. Can you make changes to your AVC throughout your career?

Yes

*Based on an individual retiring at age 60. Example pays PSRI at A rate, is in receipt of the Supplementary Pension (not guaranteed) and will qualify for a State Pension at 66.
**Based on an individual retiring, under cost neutral, at age 60. Example pays PRSI at A rate, will not be in receipt of the Supplementary Pension and will qualify for a State Pension at 66.
***Based on the number of AVCs taken out through Cornmarket in 2023.

Cornmarket Group Financial Services Ltd. is regulated by the Central Bank of Ireland.