E
eamo85
Guest
Hi all, I hope ye can help here. Basically I am retiring at the end of this month under the ISER and am going to do a last minute avc to top up my tax free lump sum but was unsure of the calculation to work out what my scope is. I would prefer finding out here and not having to rely on the "honesty" of some companies. I have 30 years reckonable service and am aged 56. My pensionable salary is 7Ok. I am working out that I will have a shortfall for lump sum purposes of roughly 14,700 but would love a second opinion. I got this figure by doing 30/34(actual over potential years to NRA 60) x 105,000= 92400 - 30/80 x 105000(77,700). Superannuation office are of little help so would really appreciate some advice??