Hi, thank you for getting back to me. My husband is going to be 66 in July, I am 62. He would not be interested in buying back UK years, just claim for the 16 years he worked there (employed) and claim for the 32 years here in Ireland. He will continue to be part-time employed in Ireland and for some time will be self-employed (sole trader) until he winds up his business. Not sure what you mean by PRSI and NI records exactly? Re PRSI he would have a mix of class A, S and K PRSI contributions (I only found out recently that if you are employed while being self-employed your PRSI class S contributions change to K).Yes you can claim both.
What are your ages? Where are you working if at all today? What are your PRSI and NI records exactly?
You will get good advice if you share this detail including how to buy back UK years.
He should absolutely buy back years. He’ll get a full UK state pension at 67 for life and will make the cost of buying it all pack by 69.He would not be interested in buying back UK years, just claim for the 16 years he worked there
how many PRSI credits does he have exactly? In some circumstances it might be worth delaying pension drawdown which is an option for people born in 1958 or later. You can get a record of credits reckonable for pension purposes using mygovID.He will continue to be part-time employed in Ireland and for some time will be self-employed (sole trader) until he winds up his business.
How many years exactly he paid national insurance (NI) in the UK. But you’re sure it’s 16 it seems.NI records exactly?
He would not be interested in buying back UK years, just claim for the 16 years he worked there (employed) and claim for the 32 years here in Ireland.
Please come back on here in July, and let us know how much he gets from each one! I'm in a similar position, but not in the self employed part. Have to wait until next year for mine.Hi, thank you for getting back to me. My husband is going to be 66 in July, I am 62. He would not be interested in buying back UK years, just claim for the 16 years he worked there (employed) and claim for the 32 years here in Ireland. He will continue to be part-time employed in Ireland and for some time will be self-employed (sole trader) until he winds up his business. Not sure what you mean by PRSI and NI records exactly? Re PRSI he would have a mix of class A, S and K PRSI contributions (I only found out recently that if you are employed while being self-employed your PRSI class S contributions change to K).
Thanks you for any help offered.
I checked it out and he is not eligible for this, as the last time he lived and worked in the UK was 1990. I understand there is a time limit to being able to do this.I agree fully with @Dr Strangelove on this. He shouldn't miss out on the opportunity to buy additional years in the UK State Pension system. At present the amount he would need to pay is very small relative to the amount of additional UK pension he will receive. It's excellent value for money.
I could be wrong but I’ve never heard of this restriction.I checked it out and he is not eligible for this, as the last time he lived and worked in the UK was 1990.
Who did you check with?I checked it out and he is not eligible for this
I checked it out and he is not eligible for this, as the last time he lived and worked in the UK was 1990. I understand there is a time limit to being able to do this.
I just checked it online. As a newbie it appears I cannot add hyperlinks to my post. On the UK government site there is a link to national-contributions-extending-the-voluntary-national-insurance-contributions-deadlineWho did you check with?
Yes the deadline is extended.I just checked it online. As a newbie it appears I cannot add hyperlinks to my post. On the UK government site there is a link to national-contributions-extending-the-voluntary-national-insurance-contributions-deadline
This is the best investment he will ever make at age 66. I’d even borrow to finance it if you have to.He should absolutely buy back years. He’ll get a full UK state pension at 67 for life and will make the cost of buying it all pack by 69.
See more here.
Yes.Can i claim for both when i retire in a few years time.
I left the UK in 1981 and I was able to top up my UK pension over the last few years.I checked it out and he is not eligible for this, as the last time he lived and worked in the UK was 1990. I understand there is a time limit to being able to do this.
Thanks. Thought that might be the case - was hoping my local government contributions might count for something. So...working an extra 2 x years would bring me to 520 - I guess I might qualify for something from both countries. Hoping I can clarify that before deciding to stay on the extra 24 months.2. Number of paid PRSI contributions
The number of paid PRSI contributions you need for the State Pension (Contributory) depends on your retirement date.
If you reach pension age on or after 6 April 2012, you need to have 520 full-rate PRSI contributions (10 years’ contributions).
It looks to me that to even start, you need 520 fully paid conts at class A.
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