This came up in another thread.
The Pension Related Deduction (PRD), is paid by all working public servants.
One would think once you retire you no longer pay a pension deduction as you are now not working & instead are drawing down your pension, for which you have spent up to 40 years paying into.
However, it is a "pension" deduction in name only. It is really just a pay cut but it would be bad PR to "cut" the pay of pensioners.
My point is, even when you retire and never have another job, you still must pay PRD.
Can someone confirm this? Can't find a Revenue link or concrete statement of such.
The Pension Related Deduction (PRD), is paid by all working public servants.
One would think once you retire you no longer pay a pension deduction as you are now not working & instead are drawing down your pension, for which you have spent up to 40 years paying into.
However, it is a "pension" deduction in name only. It is really just a pay cut but it would be bad PR to "cut" the pay of pensioners.
My point is, even when you retire and never have another job, you still must pay PRD.
Can someone confirm this? Can't find a Revenue link or concrete statement of such.