Trust RAC fees

Trust RACs (Fees) Regulations 2007 (SI 768 of 2007)

Annual fees are payable to the Pensions Authority in respect of trust RAC schemes.  The fee is based on the number of members in respect of whom the trust RAC scheme received a contribution in the trust RAC year preceding the year for which the fee is payable (fee year). The annual fees fall due for payment on 31 March each year.

The Pensions Authority accepts payments for trust RAC fees through their online portal (PDR) which can be accessed on the left.

Where the trust RAC commenced during the 12 months preceding 1 January in the fee year, the fees payable to the Authority shall be based on the number of members in respect of whom the trust RAC received a contribution in the first trust RAC year. The annual fees for such trust RACs will fall due for payment on the earlier of three months from the end of the first trust RAC year or 31 December in the calendar year.

Example:
Fees are based on the number of members who have made contributions to the trust RAC, in the trust RAC year for which the fees are payable. If this is:

  • 500 or less members, then the fee due will equate to €8.00 per member
  • greater than 500 but less than 1000 members, then the fee due will equate to a flat fee of €4,000
  • greater than 1,000 members, then the fee due will equate to €4.00 per member.

No fees are payable in respect of members who have not made contributions to the trust RAC in the trust RAC year preceding the fee year.

Trust RACs in wind up are excluded from the requirement to pay fees.