Additional Superannuation Contribution (ASC)

The DES has issued Circular 0084/2018 (PDF) providing for the introduction of the Additional Superannuation Contribution (ASC) from 1 January 2019. The ASC replaces PRD (the “pension levy”) and reduces the current overall contribution. The revised ASC thresholds (below which no ASC is paid) are common to all, whereas the ASC rate is lower for a member of the Single Public Service Pension Scheme (“Single Scheme”) – in general, Single Scheme members entered the public service on or after 1 January 2013.