What is Notional Service Purchase (NSP)

If you are a member of the Civil Service or public sector pension schemes and are likely to have less than 40 years service by your minimum retirement age, you can top up your benefits through Notional Service Purchase (NSP). This means buying back missing years of service by lump sum or a regular payment which would be a percentage of your salary.

You should firstly consult your HR department or pension administrator for information, as NSP is arranged between you and your employer. You can also get more details from the Irish Civil Service Pensions Information Centre website including an online calculator to work out your pension benefits.

Be aware that advice in relation to NSP does not fall under regulation by the Central Bank. So consider your available options before you decide what option is best for you.