Calculation of Maximum Company Pension Contributions

This is not a customer document and is intended for Financial Advisers only

Calculation of Maximum Company Pension Contributions

Sample Maximum Contribution Rates to normal retirement age 65

Current Age

20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62

Male Married % of salary 42 43 44 45 46 47 49 50 51 53 54 56 57 59 61 63 65 68 70 73 76 79 82 86 90 95 100 105 111 118 126 135 146 158 172 189 210 237 270 316 379 473 631

Male Single % of salary 30 31 32 32 33 34 35 36 37 38 39 40 41 43 44 45 47 49 50 52 54 57 59 62 65 68 72 76 80 85 91 97 105 113 124 136 151 170 194 227 272 340 453

Female Married % of salary 38 39 40 41 42 43 44 45 47 48 49 51 52 54 56 58 60 62 64 66 69 72 75 78 82 86 91 96 102 108 115 123 133 144 157 173 192 216 247 288 345 432 576

Female Single % of salary 35 36 37 38 39 40 41 42 43 44 45 47 48 50 51 53 55 57 59 61 63 66 69 72 76 79 84 88 93 99 106 113 122 132 144 159 176 198 227 264 317 397 529

? The table indicates the maximum funding rates permitted for the purpose of funding for Revenue maximum retirement benefits. The rates, if paid, may or may not provide maximum benefits as final benefits will be based on actual returns achieved.

? These rates are calculated using current Capitalisation Factors published by the Revenue Commissioners (as at August 2011).

? Employee contributions and AVCs are included within these rates.

? The cost of any risk benefits are in addition to these rates

? The maximum funding rates quoted will reduce if a single premium is paid.

? The table assumes that a member will have completed at least 10 years service at retirement age.

? Existing pension benefits are not included in the rates.

This is not a customer document and is intended for Financial Advisers only

Calculation of Maximum Company Pension Contributions

Sample Maximum Contribution Rates to normal retirement age 60

Current Age

20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57

Male Married % of salary 54 55 57 58 60 62 64 65 68 70 72 74 77 80 83 86 90 94 98 103 108 114 120 127 135 144 154 166 180 196 216 240 270 309 360 432 540 720

Male Single % of salary 41 42 43 44 45 46 48 49 51 52 54 56 58 60 63 65 68 71 74 77 81 86 90 96 102 108 116 125 136 148 163 181 203 232 271 325 407 542

Female Married % of salary 50 51 53 54 56 57 59 61 63 65 67 69 71 74 77 80 83 87 91 95 100 105 111 118 125 133 143 154 167 182 200 222 250 286 333 400 500 667

Female Single % of salary 46 47 48 50 51 52 54 56 57 59 61 63 65 68 71 73 76 80 83 87 92 96 102 108 115 122 131 141 153 167 183 204 229 262 306 367 458 611

? The table indicates the maximum funding rates permitted for the purpose of funding for Revenue maximum retirement benefits. The rates, if paid, may or may not provide maximum benefits as final benefits will be based on actual returns achieved.

? These rates are calculated using current Capitalisation Factors published by the Revenue Commissioners (as at August 2011).

? Employee contributions and AVCs are included within these rates.

? The cost of any risk benefits are in addition to these rates

? The maximum funding rates quoted will reduce if a single premium is paid.

? The table assumes that a member will have completed at least 10 years service at retirement age.

? Existing pension benefits are not included in the rates.

ILA 8952 (NPI 08-11)

Irish Life Assurance plc is regulated by the Central Bank of Ireland.

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