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Pension products

  1. Overview
  2. Occupational pension schemes
  3. Personal Retirement Savings Accounts (PRSAs)
  4. Retirement Annuity Contracts (RACs)
  5. Approved Retirement Funds (ARFs) and Approved Minimum Retirement Funds (AMRFs)
  6. Pan-European Personal Pension Products (PEPPs)

Retirement Annuity Contracts (RACs)

An RAC, sometimes called a 'personal contract', is a type of insurance contract that is approved by Revenue. You can get tax relief on the contributions you pay, subject to an age-related percentage and earnings limit. Employer contributions to an RAC do not qualify for tax relief.

You can find the Death-in-service rules for RACs in Pension Manual Chapter 21.

You should direct all queries related to your RAC to the policy providers.

Next: Approved Retirement Funds (ARFs) and Approved Minimum Retirement Funds (AMRFs)

Published: 10 January 2024 Print this page

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