I am in my 50s and am in the post 2004 pre 2013 pension scheme. This is coordinated with social welfare.
I would like to retire on a cost neutral basis at 63. My retirement age is 65. I know I would get supplementary pension at 65 provided I can prove I have claimed all benefits to which I am entitled.
Does this mean that I have to sign on at Social Welfare for tax credits when I retire at 63, and possibly claim jobseekers from my prsi stamps for 9 months? This feels uncomfortable as I am not looking for a job.
Or do I wait until I am 65 and then sign on at social welfare for prsi credits (bridging the gap from 63 to 65 by paying for prsi contributions).
I am concerned that if I fail to qualify for supplementary pension I could be left on a very small pension until possiblt 67 or 68. If I knew this now, I could put plans or extra avcs in place.
I would like to retire on a cost neutral basis at 63. My retirement age is 65. I know I would get supplementary pension at 65 provided I can prove I have claimed all benefits to which I am entitled.
Does this mean that I have to sign on at Social Welfare for tax credits when I retire at 63, and possibly claim jobseekers from my prsi stamps for 9 months? This feels uncomfortable as I am not looking for a job.
Or do I wait until I am 65 and then sign on at social welfare for prsi credits (bridging the gap from 63 to 65 by paying for prsi contributions).
I am concerned that if I fail to qualify for supplementary pension I could be left on a very small pension until possiblt 67 or 68. If I knew this now, I could put plans or extra avcs in place.