Irish Pensions and Finance

Book a Consultation

Pay Restoration – Irish Pensions and Finance

The Minister for Public Expenditure and Reform has secured government approval of proposals to extend the current public sector pay agreement, the Building Momentum Agreement, to the end of 2023. Public Sector HR Departments have now been instructed to implement the recently ratified pay increases for Public Sector employees*.​
The following increases have been confirmed:​
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  • 3% of salary with effect from 2nd February 2022 (backdated)
  • 1% of salary or €500, whichever is greater, with effect from October 2022​
  • 2% from 1st March 2023
  • 1.5% or €750 (whichever is the greater) from 1st October 2023.

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As with previous pay restorations, this amount will be subject to income tax at your marginal rate. 
To avoid paying tax on this pay increase amount, you can redirect it in your AVC and enhance your fund significantly at retirement. ​

Submit your details below to arrange your AVC top up

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    * Indicates required field

    Name *

    First

    Last

    Email *
    Phone Number *
    Current Salary *
    Top up amount (gross) *
    Pay Frequency *

    Please select
    Weekly
    Fortnighly
    Monthly
    Other

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Alternatively, you can contact us by phone or email as below.
We look forward to ​hearing from you.
​
Phone: 
01 8298500
Email: 
​​info@ipf.ie 

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_Element.prototype.settings.page_element_id = “725402772164229985”;

_Element.prototype.element_id = “fed8c2c2-ebb7-4563-8047-0de175f32774”;
_Element.prototype.user_id = “40859893”;
_Element.prototype.site_id = “748682923609045137”;
_Element.prototype.assets_path = “//marketplace.editmysite.com/uploads/b/marketplace-elements-848857247979793891-1.0.1/assets/”;
new _Element({
el: ‘#element-fed8c2c2-ebb7-4563-8047-0de175f32774’
});
});
});

}

if (typeof document.documentElement.appReady == ‘undefined’) {
document.documentElement.appReady = 0;
}

if (document.documentElement.appReady || (window.inEditor && window.inEditor())) {
setupElement725402772164229985();
} else if (document.createEvent && document.addEventListener) {
document.addEventListener(‘appReady’, setupElement725402772164229985, false);
} else {
document.documentElement.attachEvent(‘onpropertychange’, function(event){
if (event.propertyName == ‘appReady’) {
setupElement725402772164229985();
}
});
}
*https://assets.gov.ie/236885/9297fe4a-4bbf-4506-9dec-ea3dd753ff2e.pdf