Hi. A very basic question that I don't seem to be able to understand the answer to.
How many prsi contributions do you need to have made before qualifying for a full state pension?
A colleague say 10 years contributions (520) will qualify you for a full state pension whereas I thought it was 10 years to qualify for some amount of a pension but approx 40 years contributions (2080) to qualify for a full pension.
Can anyone explain how it works please?
The national pensions helpline says 10 years contributions are needed to qualify for a full state pension.
"In order to qualify for the maximum state pension (contributory), you would need to have made at least 520 contributions before retirement at 66 years old. This is equivalent to 10 years full rate contributions."
Thank you
How many prsi contributions do you need to have made before qualifying for a full state pension?
A colleague say 10 years contributions (520) will qualify you for a full state pension whereas I thought it was 10 years to qualify for some amount of a pension but approx 40 years contributions (2080) to qualify for a full pension.
Can anyone explain how it works please?
The national pensions helpline says 10 years contributions are needed to qualify for a full state pension.
"In order to qualify for the maximum state pension (contributory), you would need to have made at least 520 contributions before retirement at 66 years old. This is equivalent to 10 years full rate contributions."
Thank you