Public Service Pension - nett amount per fortnight.....?

Discussion in 'Public sector pensions' started by Mebs, May 16, 2016.

  1. Mebs

    Mebs Frequent Poster

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    I am a teacher and so is my wife. I and currently considering retirement in August.

    My wife isn't retirement age yet and must work for a few years more. Her current salary is about €66,000 per year.

    My retirement gross salary would be about €29,000. Divided by 26.07, that would give me a gross pension amount of €1,112 per fortnight.

    Given that we are jointly assessed, what deductions would I have per fortnight and what would my nett pension per fortnight be?

    Thanks in advance.
     
  2. oysterman

    oysterman Frequent Poster

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    581
    Input your details into a tax calculator such as http://services.deloitte.ie/tc/ and you'll get a fairly clear picture. Remember you'll have to pay USC but not PRSI on an occupational pension.

    Time's running out for making your decision...I think this day fortnight would be your deadline for notifying the school in writing.
     
    Mebs likes this.
  3. Mebs

    Mebs Frequent Poster

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    48
    Thanks for the reply, Oysterman.

    I'm aware of the deadline. I'll decide in the next day or two.
     
  4. Mebs

    Mebs Frequent Poster

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  5. Nordkapp

    Nordkapp Frequent Poster

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