My PRSI contributions started in 2004 and I will have 18+ unbroken years.The average of 48 contributions pa over your 18 years only works if the length of your PRSI record is 18 years ie that you first started contributions 18 years ago. If however your 18 year history was in two tranches - say 5 years initially followed by your UK service and then another 13 years PRSI - then your average will be much less than 48.
In that case you are " on the pig's back" , a full Irish and an almost full UK .My PRSI contributions started in 2004 and I will have 18+ unbroken years.
You may still be able to pay voluntary Class 2 UK national insurance contributions to get you up to the 35 years needed for a full UK state pension as well. Look up form NI38 online, but start the process soon. These contributions are extremely cheap compared to the benefits.I also paid enough National Insurance contributions to get close to a full UK state pension.
Good point about topping up the NI contributions. I'm prepared to be taxed on all income wherever it comes from :-(You may still be able to pay voluntary Class 2 UK national insurance contributions to get you up to the 35 years needed for a full UK state pension as well. Look up form NI38 online, but start the process soon. These contributions are extremely cheap compared to the benefits.
As @Conan said you will be better off claiming both pensions separately. The Irish system is extremely (I would say unfairly) generous to immigrants to Ireland well into their working life, but good for you!
Remember tax is due on your total income in whichever jurisdiction you are resident in. Some pensioners have got a nasty surprise after not realising this.
It's the total contributions approach, or the yearly average approach, whichever is more favorable to you. See here.So is it the total number of contributions , divided by the number of years between 1990 and when I reach 66?
Did you work in an EU member state (inc UK)? If so those contributions can be added to your Irish contributions to increase eligibility.There's two or three years in there I was out of the country.
Born 1959, reach 66 in 2025.I think that refers to a different scheme. If you are happy to share you'll get better advice:
Year of birth:
Year of first PRSI contributions:
Total PRSI contributions to date:
Time working abroad and where:
Time (if any) spent caring for children full time:
You are on track to close to a full UK pension on its own. It may be possible to "fill in the gaps" for the UK with voluntary class 2 NI contributions. Look up form NI38 and send it off to HMRC. You may get a full UK pension which requires 35 years of paid and/or voluntary contributions by 67.Worked in UK from 1976 to 1990, plus all of 2008 and 2009, and from 2011 to present.
Yearly average PRSI contributions | Personal rate per week | Increase for a qualified adult* (under 66) | Increase for a qualified adult* (over 66) |
---|---|---|---|
48 or over | €253.30 | €168.70 | €227 |
40-47 | €248.30 | €160.60 | €215.70 |
30-39 | €227.70 | €152.80 | €204.50 |
20-29 | €215.70 | €142.90 | €192.50 |
15-19 | €165.10 | €110 | €147.40 |
10-14 | €101.20 | €67 | €91.30 |
Thanks again for the tip about Class 2 NI Contributions. I did some more research and was surprised to find out how inexpensive they are. I will send in the form at the end of NI38.You may still be able to pay voluntary Class 2 UK national insurance contributions to get you up to the 35 years needed for a full UK state pension as well. Look up form NI38 online, but start the process soon. These contributions are extremely cheap compared to the benefits.
As @Conan said you will be better off claiming both pensions separately. The Irish system is extremely (I would say unfairly) generous to immigrants to Ireland well into their working life, but good for you!
Remember tax is due on your total income in whichever jurisdiction you are resident in. Some pensioners have got a nasty surprise after not realising this.
Thanks! - it certainly makes life easier if you can make just one application. So you got your full expected entitlements from each country without hitch? Did the UK and French people contact you at all, or does it all get paid into your Irish account automatically?I submitted one claim to Sligo as I am now living in Ireland and they submitted claims to the UK and France where I had worked previously.
it all worked very smoothly although it took a certain length of time. I had checked that all three countries had up to date national insurance records prior to submitting my claim.
I would do each separately, not least because date of first payment will be different.However when I spoke to International Pensions and Future pensions in the UK, they said submit separate claims for each state pension.
Does this happen as one single payment per month? Or three separate ones?The different countries combine your contributions so as to maximise your pension
I had no contact from the UK and the French contacted me to get me to sign a few documents
In my case, contributions from the other countries were discounted as they would not have increased my pension entitlement in any of the countries
All the pensions are paid into my Irish bank account
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?