Pension
Retirement, in euro
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A pension pot, shown here as the fund at retirement. Today’s euro first. The nominal fund, before inflation, is the line under it.
Fund at retirement
Assumes 7% hypothetical growth a year before fees, 2% inflation, 2% salary rises, 0.75% fee. Not a forecast. Change
This lower figure is what the fund would be worth in today’s money, after the inflation rate you typed. The higher ‘before inflation’ figure is the cash amount at retirement — it would not buy as much as the same sum would buy today.
The other two funds, in today’s euro, are Pessimistic €133,918.84 and Optimistic €264,676.91. The spread is a hypothetical 4%, 7% and 10% before fees. It is not a forecast and not past performance.
Where the limits come from
Checked on 3 November 2026. Age limits and the €115,000 earnings cap: Revenue — tax relief limits on pension contributions. The same age table is on Citizens Information. Relief is income tax only. Employer contributions are not part of the employee’s earnings cap.
A personal pension can take 25% of the fund as a lump sum. The lifetime tax-free amount is €200,000. From €200,001 to €500,000 the rate is 20%. Above that, Revenue taxes the lump sum at the marginal rate. Source: Revenue — taxation of retirement lump sums. Citizens Information says the Standard Fund Threshold is €2.2 million (€2 million for 2025). Confirm the figure that applies to you. This projection only warns if the fund passes the number in the box.
Growth in the illustration is 4%, 7% and 10% a year before fees. Those rates are hypothetical. They are not past performance and not a record of any fund.
Assumptions and references
Assumptions
- Contributions go in at the start of each year. The fund then grows by the year’s return minus the annual management charge.
- Your contribution is a percentage of that year’s salary. Tax relief is your marginal income-tax rate times the part that fits under the age limit and the earnings cap. Employer money is added in full and is not tested against that cap.
- There is no relief from USC or PRSI in this sum. The age for the limit is your age at the start of the year.
- The default projection is 4% pessimistic, 7% central and 10% optimistic, before fees and before inflation. 7% is in line with typical Irish provider projections. It is not a forecast.
- Market history, when you select it, uses the 25th, 50th and 75th percentiles of the stored calendar-year returns. Those lines are higher. They are not a promise about the future.
- “Today’s money” divides the nominal fund by cumulative inflation. Pay still rises at the nominal increase you typed.
- The lump sum is the percentage of the final nominal fund you set, defaulting to 25% for a personal pension. A scheme based on salary and service can be different. The tax bands are lifetime bands and they count lump sums you say you have already taken.
- The Standard Fund Threshold is a warning only. Investment growth inside a pension is not given an exit-tax or deemed-disposal charge in this model.
How this is calculated
- Fund at end of year = (fund + employee contribution + employer contribution) × (1 + return − fee).
- Relief = marginal rate × min(employee contribution, age percentage × min(salary, earnings cap)).
- Real fund = nominal fund / (1 + inflation) ^ years.
- Percentile uses the inclusive linear method: position (n − 1) × p on the sorted returns.
- Lump-sum tax walks the new lump through €0 to the tax-free limit at 0%, then to the standard-rate ceiling at 20%, then the rest at your marginal rate.