Not quite.My understanding is that, as things stand, he'd get 65% of the full OAP on the basis of 26 years' reckonable contributions; the calculation being:
26/40 = 0.65
Thank you. It's hard to understand why the accountant kept changing his PRSI rates. There was no apparent reason to do so. He was working for the family business from the start. Can anyone shed light on the SCOPE system. Is it an appeals mechanism ? How does he get advise on this ?
It's a long time since I've had anything to do with payroll but I seem to remember in the 80's and 90's and IIRC back then certain employees namely directors had a choice as to which PRSI class they wanted to pay and not all classes had the same benefitsThen, if the accountant can't provide a good reason for the various changes in Class, then it's likely that he (or whatever junior employee did the donkey work) may have made a dog's dinner of the PRSI returns!
Could you give us more of an idea about the nature of business and his employment patterns?He was working for the family business from the start.
I cant give anymore detail to preserve confidentiality. I see class M is for people under the age if 16 even though he was much older than that when the accountant used this rate. His income exceeded the minimum wage at all times.
Agreed - but before condemning the accountant, we need to know all of the facts.There seems to be no logic to the changing between rates. A dogs dinner sounds about right.
Yes - but it's the nuclear option! First establish the facts and then decide on what action is required.But is there any angle of recourse. Can you report your accountant to a professional body ?
In relation to his mother she does not own the farm. She got no old age pension. The farm was divided between two other sons. Incidentally I have two aunts who both got state pensions ? Non contributory even though they were farmers wives who never worked outside the farm/ home setting. How did they manage to get them but yet this gentleman's did not ?
I see class M is for people under the age if 16
I don't know the full historical situation but on the basis of today's eligibility it's hard to know why an adult was paying J and M PRSI.3 years 52 J
4 years 52 M
It's hard to understand why the accountant kept changing his PRSI rates.
But what was he doing before that? It's very hard to give advice if we don't know the nature of the man's employment. Was he doing other work on his own account? Did he ever have other employment, etc?This gentleman has been running the business for 20 years now
His income exceeded the minimum wage at all times.
What could have happened is that he his income was under-declared, or the nature of his work was not correctly reported. This could have happened without his knowledge.I'm not sure what creative accounting is but the number of prsi classes used is very odd.
Was this the business's accountant? His own accountant? Both?All his income was documented with the accountant for tax purposes.
He was an employee, on at least 100 pounds a week since 1990 as he recalls.
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