Pension products

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)