Sunday 30 April 2017

Pension charges explained

Finance Minister Brian Lenihan pictured before presenting the Budget to the Dail
Finance Minister Brian Lenihan pictured before presenting the Budget to the Dail

Ger: My public service pension is €12,084.00 gross per annum. Will my total pension be cut the 4pc average or does this just refer to the amount in excess of €12,000, i.e. €84?

The first €12,000 of Ger’s pension won’t be reduced. The remaining €84 will be reduced by 6pc, a total reduction of €5.04.

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