We assume that the indirect costs are charged as a % of your balance are charged mid-year on average.

Only your retirement income from your account-based pension is included in projected results. Income from the government age pension or any other investments is not included.

Disclaimers

Consider updating the projections provided by this model regularly, particularly if your circumstances have changed. Personal Finance Portal (PFP) is our client portal that gives you access to view all your finances in one place 24/7 – anywhere, on any mobile or web device. All ESB Pensioners in receipt of a pension from ESB Pension Scheme are required to sign the Annual Pensioner Declaration. It is an important control, required by our Auditors to guard against the possibility of fraud and to safeguard the Fund’s resources. There is a lot to consider when comparing investment options between funds. Risk and return objectives and asset allocation within investment options may differ between funds and should be taken into account when comparing funds. Tax

Surviving spouses’/civil partners normally qualify for a contributory widow/widower/surviving civil partners pension from the Department of Social Protection. The Pensions Office will write to your spouse/civil partner, when advised of your death, and will provide all the necessary information to help them at that difficult time. https://www.citizensinformation.ie/en/money_and_tax/personal_finance/pensions/taxation_of_pensions.htmlEmpower’s award-winning mobile app can help you take control of your finances today. You can easily register an account, proactively manage your money, access intuitive resources to build your financial confidence—and so much more.

The calculator works for people aged up to 80 years. A date of birth more than 80 years before today's date will show as an 'invalid date'.In addition to your benefits from the ESB Pension Scheme there are a number of benefits provided by the State for which you may qualify. You are automatically entitled to a number of these benefits when you reach the age of 70 Wage Inflation is used to inflate the following legislative and other factors throughout the projection:

This calculator cannot predict your final superannuation benefit or level of retirement income with certainty because this will depend on your personal circumstances, unexpected life events, the age pension paid, investment earnings, tax and inflation. These fees represent costs relating to the management of your investments and are directly deducted from your account. At Empower, we want to make it easier to manage your finances and give you the right tools to take smart steps toward your goals. With the Empower mobile app you can manage all your Empower accounts—anytime, anywhere—including your retirement plan, investment accounts, health savings accounts and more.We make the following default assumptions about CPI inflation and Wage Inflation (which you can change under the Advanced Settings - Other section of the calculator):