These assumptions pertain to the projections data displayed on this page. This illustration tool represents the future values of your estimated Pension from your DC and any AVC or PRSA plans you have in present day terms. This illustration tool represents the future values of your Estimated Pension from your DC plan you have in present day terms. This illustration tool represents the future values of your estimated Pension from your DC and any AVC or PRSA plans you have in present day terms. This illustration tool represents the future values of your estimated pension from your DC and any AVC or PRSA plans you have in present day terms. This means that the values shown have been reduced to allow for the effect of inflation between the date of quotation and your retirement age. This tool is a projection tool and is intended for illustration purposes only.

* Important Notes:

1. This illustration shows you the present day value of your projected fund and your estimated retirement income.
2. Present day value means that the figures shown have been reduced to allow for the effect of inflation between the date of quotation and the retirement date used in the quotation.
3. Your benefit statement contains a more detailed "statement of reasonable projection".
4. Your annual benefit statement contains a more detailed "statement of reasonable projection".
5. Projections are calculated based on your retirement age within the . If benefits are taken earlier from any of your retirement plans this will have the impact of increasing your Left to Target amount. Financial advice should be sought when taking benefits from any of your retirement plans.
6. The projection tool does not display or take into account any benefits you may be due from your Personal Retirement Bond (PRB). You can ask your Financial Adviser for details of the benefits you can expect at retirement. You may want to take these into account before deciding what action, if any, to take about the amount "left to target"
7. The projection tool does not display or take into account any benefits from your Savings plan.

We have assumed that the estimated monthly income at retirement:

• Only pays benefits to you and is paid for the rest of your life or for 5 years, whichever is greater.
• Is payable monthly in advance and increases by 1% each year while in payment.
• That €31.75 is needed at retirement to buy €1 of pension. The actual cost of pensions at your retirement date will depend on long-term interest rates and life expectancy assumptions at that time and is likely to be different from the cost of the pension used in the illustration.

• We recommend that you aim to have a pension at retirement that is equal to one third of your current salary, on top of the state pension. If you are not entitled to the state pension when you retire, then you may require more of your own funds to maintain the same standard of living you would have had, if entitled to the State Pension.
• This tool is aimed to help you illustrate what factors could change that would help you reach a target pension of one third of your current salary on top of the State Pension.

• This tool, illustrates the difference between what we recommend you aim for as a pension at retirement, and what we estimate you will have based on your current fund value, and expected future contributions. You should speak to your financial adviser before basing any decisions on this information.
• This tool enables you to simulate what a change in different factors would have on your pension:
• The simulation uses the projected growth assumptions contained within the
• Contribution: Increasing your contribution should result in reducing the difference between your recommended income pension, and your current projected pension. This tool does not assume that an increase in your contribution will automatically lead to an increase in your employer's contribution, or that any increase is tax efficient for you based on revenue rules.
• Contribution: Increasing your contribution should result in reducing the difference between your recommended income pension, and your current projected pension. This tool assumes that an increase in your contribution up to the limit set out in the scheme contributions rules will automatically lead to an increase in your employer's contribution.
• This tool does not assume that an increase in your contribution is tax efficient for you based on revenue rules.
• Salary: Changing the salary will primarily alter what your Pension Target will be. Reducing the salary figure will mean a lower target, and increasing the figure will result in a higher target.
• Salary: Changing the salary will primarily alter what your Pension Target will be. Reducing the salary figure will mean a lower target, and increasing the figure will result in a higher target. For some members in certain schemes, a different salary may also have an impact on the Estimated Pension, because the salary figure may have an impact on the cost of Risk Benefits being provided within the pension scheme and being paid for from the pension fund. More details on whether this would affect you are available from your plan trustees.
• Retirement Age: Changing the retirement age, will mean that you will be contributing for a longer / shorter period of time. It also means that what you have contributed will be growing for a longer / shorter period of time. As such, altering the Retirement Age can have both a positive and negative impact on reaching the Pension Target. There may be restrictions on when you may retire.

• By default, this illustration tool assumes that you are eligible for the full state pension at the age when you become eligible to receive these benefits (see illustration above).
• Under current rules you will not become eligible to claim the state pension (contributory) until you are 66.
• There is now no provision in legislation to increase this at a future date. The government has set up a Commission on Pensions who will consider, amongst other things, whether changes are needed in the qualifying age for state pension. The Commission is due to report by the end of June 2021 and this may result in changes in State Pension age in the future.
• If you are not eligible for the State Pension please turn this OFF for an accurate representation of your projected Pension Income.
• Qualification for the Social Welfare pension is subject to tests administered by the Department of Employment Affairs and Social Protection. This Department can be contacted by Telephone on Local 1890 500 500 from within the Republic of Ireland or by visiting www.welfare.ie

All the rates quoted above are for illustration purposes only and are not guaranteed. The actual value of your retirement fund at Normal Retirement Date will depend on the amount of contributions paid and the actual performance of the underlying fund assets. Investments may fall as well as rise in value.

The income that may be purchased with your retirement fund at Normal Retirement Date, will depend on a number of factors, including the level of interest rates at that time. You may choose other options when you retire, which would reduce your income, including taking a tax free lump sum and providing dependants benefits. Limits set down by the Revenue Commissioners apply to your options.

If you are an active member of a plan (that is currently employed by the company to whom this pension plan relates and currently making contributions to the plan), you may make increased contribution payments up to Revenue restricted limits for pension benefit provision. Note: Revenue limits also apply to the maximum contributions that qualify for tax relief and the limits depend on your age and income level. Please refer to your member booklet for details on the revenue contribution and earnings limits. It is important to make adequate provision for retirement. This plan is intended to provide benefits over the duration of your life from retirement and it should be viewed as a long-term investment.

If the plan rules allow, you may invest part of your fund in an Approved Retirement Fund (ARF) or an Approved Minimum Retirement Fund (AMRF) when you retire. An ARF and an AMRF are investment funds which you can draw down on during your lifetime (with certain restrictions in the case of an AMRF), subject to tax. You may leave the balance remaining on death to your beneficiaries.