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Superannuation equivalent pension 'pot'

  • 04-09-2013 4:23pm
    #1
    ATC110
    Registered Users, Registered Users 2 Posts: 303 ✭✭


    Does anyone know of an online calculator that will show the equivalent pension pot required to provide the same benefits as a superannuation scheme?

    Example of superannuation scheme:

    Tax-free lump sum payable on retirement = €68,674.08
    Annual pension = €13,040.85

    For comparison purposes, Is it correct to base a fund valuation on an annual drawdown equivalent of 5%?

    If so the above-mentioned benefits would have an equivalent fund value of €329,491.08 ( €13,040.85 / 5% = €260,817 plus €68,674.08)

    Should a valuation allowance be made for the tax-free status of the lump sum considering the annual pension would be taxable?

    Would be grateful for any comments.


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