Thats good to know. No record of contributions received prior to 1988. I worked in a small family business from circa 1973 when I was 16/17 until 1984 when my dad passed away. I then became self employed. The only paperwork I can find was for some levy so I have no idea what was paid for those years and hope it wont be too much of a problemThe COAP is not means tested so you should qualify based on S contributions from 1988.It may be slightly reduced and that depends on your contributions prior to 1988.
Where did you get the guidelines from please?The guidelines state that subsidiary employment income must be a maximum of 7500 euro to qualify. You might be considered as having subsidiary employment of 35000 euro which would disqualify you from receiving the payment.
Did you originally inform them of your rental income?
If you did l would have thought that they would have immediately rejected your claim.
There would be no point reapplying in 2022 as the governing year would remain the same. It is the year of your 63rd birthday.
Please tell us what the final outcome is.
I have applied and received a reply seeking further information. I am self employed, 65 since December and have had very little income due to inability to work ( as unwell and refused illness benefit in 2018) and due to lockdowns etc during covid..
They are seeking information on my business as in did I sell it, how much I received and when did I receive it.
They have indicated that my income from 2019 and 2020 was 100% from unearned income. I have rental income and yes this is true for 2019 as I was unable to work but not for 2020 or 2021. My income for 2020 is offset against expenses ( a van I had purchased prior to becoming ill in 2018).
I contacted Pension office in Sligo today as they had recently sent me a detailed record of contributions which are "S" every year since 1988. They assure me these are eligible for COAP next year so fingers crossed.
I would willingly pay for advice from someone who understands the system if anyone could make a recommendation.
I am thinking now I will not be eligible as my rental income is approx 35000.
So if anyone has clear advice on whether rental income impacts this payment if on Class S contribution I would be glad to know. Also as all of my income in 2019 is from unearned income should I just reapply from January 2022 where my 2020 income may be considered.
Thanks in advance
Hi Bstop,The guidelines state that subsidiary employment income must be a maximum of 7500 euro to qualify. You might be considered as having subsidiary employment of 35000 euro which would disqualify you from receiving the payment.
Did you originally inform them of your rental income?
If you did l would have thought that they would have immediately rejected your claim.
Please tell us what the final outcome is.
So am I understanding you correctly when I say.The following are the details of prsi K class.
For any years that you had self employed income and your only other source of income was rental income then for that year your rental income was subject to class K.
If you can manage some self employed work in your 65 year then you might be able to avoid being considered as employed for your rental income as it would be classed as K rather than S class for prsi.
If you can no longer be self employed, you could get employment for 1 week at A class prsi and this would also result in your rental income being subject to K class prsi.
It has been reasonably established that a person with earnings of over 7500 euro classed as S Prsi is considered as being in employment.Not sure why some people are posting stuff that doesn't look relevant.
I don't know why you're mentioning class K at all when they posted the above earlier in the thread.I contacted Pension office in Sligo today as they had recently sent me a detailed record of contributions which are "S" every year since 1988. They assure me these are eligible for COAP next year so fingers crossed.
Sorry but I cant see the relevant section re subsidiary income cant be greater than 7500e.See post #7 by Sue Ellen further back on this thread.
She has a link to the guidelines.
It's on this page :Sorry but I cant see the relevant section re subsidiary income cant be greater than 7500e.
When I applied I was receiving €20,000 from an ARF purchased from a DC pension scheme and got confirmation of eligibility within a few days.Can I focus on the actual topic of this thread, specifically The Benefit Payment for 65 Year Olds (not the COAP). In the first post the OP asked "Will I be eligible to draw the 65 yr payment if I am in receipt of an ARF?". While there have been quite a few conflicting answers, it appears to me based on what I am reading here that the answer may be Yes or No, depending on whether or not the ARF distribution exceeds €7,500 pa.
This appears to be highly discriminatory towards ARF holders. Let's take a simple case of a 65 year old who satisfies the PRSI requirements, and who does not have rental/other investment income, or an actual paid working job (subsidiary employment)
Is this correct ?
- If the above individual is paid €25,000 from a Defined Benefit pension scheme, then she/he qualifies for the Benefit Payment for 65 Year Olds
- If the above individual is paid €25,000 from an annuity purchased form a DC pension scheme, then she/he qualifies for the Benefit Payment for 65 Year Olds
- If the above individual is paid €25,000 from an ARF purchased from a DC pension scheme, then she/he does not qualify for the Benefit Payment for 65 Year Olds
Does anybody dispute that this is discriminatory ?
Good! so that answers the question regarding ARF income.When I applied I was receiving €20,000 from an ARF purchased from a DC pension scheme and got confirmation of eligibility within a few days.
I have asked a T.D. to put the following questions to the Social Protection Minister.
Would a person with an ARF distribution of over 7500 euro per year qualify ?
Hi @bstop
Did you ever get an answer to the above from your TD - I am specifically interested in whether or not an individual with an ARF distribution of over 7500 euro per year qualifies for the Benefit Payment for 65 Year Olds
Thank you
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