If you are getting an occupational pension or an annuity you will be classed as M prsi.Thank you for your answers. So my options are an investment income or rental profit greater than 5k to get class S
I am also in the same situation as pinky, 55 years old and hoping to retire early next year. Take my 25 per cent lump sum and 4 per cent per year from my ARF. I have worked for the last 35 years paying prsi and this was a concern to me regarding my pension! With the 10 plus years gap between retirement and oap, but by reading above I should be covered!!Hi
Income from an ARF, taken while under 66 years of age, is subject to Class S PRSI, and as such is reckonable (if over €500 p.a.) as a contribution towards the state pension
You cannot make voluntary contributions at Class S.