signing for credits again after self employed contract ?

Discussion in 'Redundancy, unemployment & jobseekers entitlements' started by mtk, Feb 4, 2017.

  1. mtk

    mtk Frequent Poster

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    317
    Last edited: Feb 4, 2017
    Been paye employee all my life .

    Currently signing for credits after jsb Ran out . I want to make sure I get state pension.

    I May have opportunity to do contract for 6 months but " employer " wants me to set up my own company rather take me on the payroll.

    Questions : if I do this I will become self employed so
    will I have to shut company down when contract ends to sign for prsi crediits ?
    Or will I not be able to sign for credits anymore?
    (Note : I know this 6 months doesn't count in terms of getting jsb again)

    Thanks
     
    Last edited: Feb 4, 2017
  2. Gerry Canning

    Gerry Canning Frequent Poster

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    2,504
    Call into local SW office , you will find them helpful.
     
  3. Setanta12

    Setanta12 Frequent Poster

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    946
    Your new employer wants to save Employer PRSI costs, and he may be able to do so depending on the exact nature of the work you'll be doing for him. Bear in mind you'll now have extra costs (tax return etc at the end of the year) but you may be able to gain a small advantage on any expenses you otherwise incur.

    There used to be an amount circa 250euro which the sef-employed would pay to ensure they got the OAP.
     
  4. Monbretia

    Monbretia Frequent Poster

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    It's double that these days, it's €500 a year for voluntary contributions.
     
  5. mtk

    mtk Frequent Poster

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    317
    Just to be clear I dont want to be "self employed". I am wondering what happens afterwards re signing for credits or will i have to become a voluntary contributor?
     
  6. Monbretia

    Monbretia Frequent Poster

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    Here is the DSP guidelines http://www.welfare.ie/en/Pages/What-happens-if-I-was-self-employed-but-I-no-longer-work.aspx

    Here is the explanation from Cit Info site http://www.citizensinformation.ie/e.../credited_social_insurance_contributions.html

    From my reading of those if you only work for the six months and go back to credited contributions it should work as you must have paid or credited contributions in the previous two tax years which you should still fall within. However if you go past that window and your only paid contributions are as self employed then the credit option won't be open to you and you would have to pay the voluntary contribution.

    However I would double check this info with DSP to be sure to be sure.
     
    mtk likes this.
  7. mtk

    mtk Frequent Poster

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    317
    cheers Monbretia