I am 56 and have worked in Ireland since 1995, so have payed 27 years of PRSI contributions to date. I am currently employed and planning to stay working for the next 10 years or so and then retire in Ireland, which would bring me to approx. 37 years of contributions.
My question is in relation to making voluntary NI contributions in the UK.
I worked in the UK from 1986 to 1996 and at some stage contracted out of SERPS. On my NI record statement (from 2019), it says that I currently have 13 qualifying years up to April 2019 and there is an option for me to make additional voluntary contributions for each of the 13 tax years from 2006/07 up to 2018/2019. The dead-line for this payment is April 2023 and the cost is 780 per year.
Does it make sense to pay these voluntary contributions to try and maximise my UK pension ?
I presume I could then continue to make voluntary contributions going forward to get me close to 35 years of UK NI contributions ?
My question is in relation to making voluntary NI contributions in the UK.
I worked in the UK from 1986 to 1996 and at some stage contracted out of SERPS. On my NI record statement (from 2019), it says that I currently have 13 qualifying years up to April 2019 and there is an option for me to make additional voluntary contributions for each of the 13 tax years from 2006/07 up to 2018/2019. The dead-line for this payment is April 2023 and the cost is 780 per year.
Does it make sense to pay these voluntary contributions to try and maximise my UK pension ?
I presume I could then continue to make voluntary contributions going forward to get me close to 35 years of UK NI contributions ?
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