Member Purchase Cost Calculation Tool
|The Single Scheme Member Calculation tool is a spreadsheet based calculator designed to give active Single Scheme members an indication of the cost of purchasing additional benefits under the Scheme provided for by regulations made in S.I. 252 of 2019 / S.I. 73 of 2020 and information set out in Circular 15 of 2019 / Circular 06 of 2020. The calculation tool can also be used to calculate the value of benefits transferable into the Single Scheme from another Revenue approved occupational pension scheme.
This calculation tool does not calculate the limits that apply to a Scheme member’s purchase/ purchase by way of transfer.
You should notify your Pensions Administrator or, if applicable, Shared HR/Pensions/Payroll Centre if you wish to formally initiate the purchase of additional benefits under the Single Scheme or make formal arrangements to transfer benefits from another Revenue approved occupational pension scheme into the Single Scheme.
|Document Name||Single Scheme Member Purchase/Transfer Calculation Tool|
|Date of Issue||January 2021|