What income will you be paying PRSI on? Income from occupational pension schemes isn't subject to PRSI.I will still be paying prsi
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
LF
You cannot make voluntary contributions at Class S.