Contributions for Irish pension.

I'm Nobody said:
I suppose we don’t have anything similar here?
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No, but it's usually easy to calculate.

(Number of reckonable contributions or credits) / 2080 x 100 gives the percentage of the full rate contributory pension to which one is entitled. (Maximum 100%).

E.g. say you have 1,659 reckonable contributions/credits then that means 1659 / 2080 x 100 =~ 80% of the full pension.

You can get your PRSI contribution statement from myWelfare:

Statements and Refunds

<p>Make a repayment, or apply for a payment statement, contribution statement or PRSI refund</p>
services.mywelfare.ie services.mywelfare.ie
And there are loads of existing threads on ways to maximise your PRSI contributions/credits if you otherwise risk being short of the 2,080 figure at retirement age.
 
The latest update, Mrs Nobody was on to Sligo today.
She was informed that she has 277 reckonable contributions and you only need 260 to get a reduced pension.
She will have this year to add, also she work as a volunteer aboard for a year and has applied for the Volunteer Development Worker Scheme.
We shall wait for further developments.
 
Her birthday was in late October, but she put off getting the pension until next February, in the belief she might get more pension contributions for 2026.
She still has 2025 contributions to be added.
 
@I'm Nobody
Can you post a photo of her award statement. You can cover her name and PPS number with a piece of paper.

It could be beneficial for her to defer until she reaches 520 reckonable paid contributions.
 
Lisgoold said:
So when did she actually apply?
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A couple of months before her birthday.
As well, there was no sign of her UK pension and they say you have to wait up to five weeks.
Phoned them two weeks and they said they hadn't received a claim.
We thought we had sent the form in a few months ago.
The UK pension emailed a new form filled that in and sent it off.
 
S class said:
Can you post a photo of her award statement. You can cover her name and PPS number with a piece of paper.

It could be beneficial for her to defer until she reaches 520 reckonable paid contributions.
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I tried uploading a picture, but I was told the file was too big.
So got the calculator out.
Reckonable Paid 373
Reckonable Credited 141
Modified Paid 1778
Modified Credited 14
My understanding is she will get 52 Reckonable Paid for 2025 and 2026, which will bring it up to 477.
 
@I'm Nobody If she defers until her 68th birthday, or slightly beyond.

She could gain an extra 43 paid class S from her ARF in 2027.
This brings her up to 520 full rate paid.
She can then get a TC and YA blended pension.

At age 68 her pension calculations are based on full pension of €317.90.

At age 68 she has 520 paid + 141 credits.
Total Reckonable 661.

TC calculation. €101
YA (average 10). €127
2027 blend 70% YA + 30% TC. Deferred pension €119

She could get an extra €53 per week by defering.

She loses approximately a total of 7k for 2026 and 2027.
Break even time 130 weeks.



If she deferred beyond age 68 she could manage to reach YA 15.
This would further increase her possible pension.

You would need to allow for the yearly decreasing of the YA blended percentage, and extra years of loss of pension payments. But this could give a better result in the longer term.

This could be beneficial if she managed to reach average 15 by 1st January 2029.
 
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