Moved to Ireland from the UK 15 years ago and I've worked in Ireland consistently since then except a period of unemployment in 2009. I have 7 full years NI contributions up to 2005 from employment before moving here, with 15 years missing. I applied to HMRC using form NI38/CF83 and I got a reply to say I can pay class 2 for each each of the missing 15 years, except the period of unemployment in 2009 of which class 3 will apply. Total quote to buy back all 15 years for a little of £2500.00. That'll bring me up to 22 years towards the 35 needed for a full UK state pension. From April 2022, they'll send me an invoice each year to pay class 2 as long as I'm working in Ireland. If I stop working, I need to let them know as it'll be class 3 in that case.
I've got to 2023 to pay voluntary contributions between 2006 and 2016, I then lose them forever. I'm settled in Ireland, so have no plans on moving back to the UK. Now, I know the SP might not be there by the time I reach SPA, but it could be, none of us know for sure.
Based on the facts we have right now, it seems to be a worthwhile investment to make, am I missing something though? From what I've read in previous posts, I should be able to claim both UK and Irish state pensions (based on today's rules of course). I'll also have the expected 40 years contributions in Ireland by the time I hit my early to mid 60s.
Is this too good to be true?
thanks
I've got to 2023 to pay voluntary contributions between 2006 and 2016, I then lose them forever. I'm settled in Ireland, so have no plans on moving back to the UK. Now, I know the SP might not be there by the time I reach SPA, but it could be, none of us know for sure.
Based on the facts we have right now, it seems to be a worthwhile investment to make, am I missing something though? From what I've read in previous posts, I should be able to claim both UK and Irish state pensions (based on today's rules of course). I'll also have the expected 40 years contributions in Ireland by the time I hit my early to mid 60s.
Is this too good to be true?
thanks
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