What is a Trivial Pension?

 If you are a member of an Occupational Pension Scheme or Company Pension you may be entitled to a Trivial Pension. Revenue will allow you calculate your entire pension into a Lump Sum if it meets certain definitions. Revenue will allow an occupational pension scheme full communication if the aggregate benefits payable to a member under that scheme and any other scheme relating to the same employment do not exceed €330.00 per annum. Tax at 10% is applied to the commutation amount.

How do you know if you qualify for a Trivial Pension?

As professional INDEPENDENT pension consultants we would firstly commute your pension entitlement, assuming the scheme rules allow and we would then calculate the maximum approved tax free lump sum benefit before using the formula to calculate a Trivial Pension option.

We will only recommend this product if it is suitable to you! If you want to know more information on Trivial Pensions please give the office a call on 01-4546730 or e-mail us on 01-4546730 or e-mail the office on info@paulryan.ie

We have outlined below a number of key questions that you may have on Trivial Pensions below.