Wednesday 22 February 2017

Pension charges explained

Published 13/12/2010 | 11:30

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?

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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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