Can you tell us:. I worked a couple of years in Ireland in early 20's before moving to UK and worked there about 20+ years.
I know I could continue UK contributions but whether it’s useful to do as not sure with current legislation whether I’d end up with a full UK pension and partial Irish pension based on maybe 10 -17 years contributions if continuing working here?Can you tell us:
-how many years working in Ireland, circa 2.5 previously plus 1 so far now
-how many years working in UK, approx 26
-your age now, 51
I will try to provide advice, but this information would be really helpful.
I know I could continue UK contributions but whether it’s useful to do as not sure with current legislation whether I’d end up with a full UK pension and partial Irish pension based on maybe 10 -17 years contributions if continuing working here?
I did in the quotes above in my reply?As a general rule, it's almost always worth while making voluntary pension contributions. But why not answer Coyote's straightforward questions so he'll be able to give you some informed advice?
I did in the quotes above in my reply?
Yes, in some circumstances you can get two full ones.it possible, to get a full UK pension, AND a partial Irish one?
Important thing is for you to get to ten years PRSI in Ireland which should be age 59. Then you get minimum pension of 40% of full rate at 66. If you work to 66 you'll get more or less pro rata more.I know I could continue UK contributions but whether it’s useful to do as not sure with current legislation whether
How many years paid contributions have you in Ireland and UK respectively? When did you leave UK?Though I'm not sure how that could work, as my SP age in UK is 66, and, I think , 67 in Ireland? Born 1959.
I have my record of contribution from Sligo. I've read about the new way of calculating . Using either the old or new method, in theory, I have enough to get something. At a face to face meeting in Cork social welfare they wouldn't confirm that though. I wasn't looking for a figure, just if it was likely to pay anything.
There are 2 calculation options , but I think the likely one for you will be 1/40th of a State Pension for each year of contributions. So 15 years would get you 15/40ths .@NoRegretsCoyote That's great information, many thanks for such a detailed reply. I thought UK had become 37 years contributions but whether 35/37 that's what I'll be doing. I think it was restricted a few years back that you can only retrospectively pay back contributions of 3/5 years prior which is fine for me.
How many years contributions are required for a full Irish pension, if I go over the 10 year minimum and reach 15 years what is that a proportion of?
Think this would be a useful Key Post/Sticky as there must be so many people in this situation, thanks again
For the new state pension it still looks like it's 35. You'll need to send off a form NI38 to HMRC. Response can be slow, about 5-6 weeks in my experience.I thought UK had become 37 years contributions but whether 35/37 that's what I'll be doing.
How many years contributions are required for a full Irish pension, if I go over the 10 year minimum and reach 15 years what is that a proportion of?
If I read this correctly you are 62-ish and have 48 years either NI or PRSI contributions, so working continuously since the age of 14?Ireland, about 17 years. UK currently 31 . Still working. The 35 year thing is not relevant, only for people starting after 2016. Everyone else is on a sort of hybrid system. I have enough contributed pre 2016 to get slightly over the new state pension figure. Worked in Ireland 1990 to 2007 , and again for one full year 2010.
Not sure what you mean by second pension is taxable. My understanding is that my UK pension will be taxed in UK and I'll get the normal UK personal allowance. Which makes the whole this a great deal. Happy to be corrected.For the new state pension it still looks like it's 35. You'll need to send off a form NI38 to HMRC. Response can be slow, about 5-6 weeks in my experience.
I think what @Conan says is right. But the precise rules are not very clear.
If I read this correctly you are 62-ish and have 48 years either NI or PRSI contributions, so working continuously since the age of 14?
In any case I think you should just apply for Irish and UK pensions separately when you get to retirement age. The rules (both Irish and UK) are a bit more complex for someone of your age but if you have a contributory pension entitlement in Ireland you are entitled to it even if you have one in the UK too, and vice versa. Remember your second pension is taxable too!
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