Post 95 public sector early retirement with an ARF.

You probably will.
But there is more confusion added to this in an answer to a parliamentary question to Heather Humphreys where she stated that the 7500 euro per year limit does not apply if a person had at least 117 Prsi contributions in the previous 3 years before claiming the 65s benefit.
 
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I have a small annual ARF drawdown to comply with the imputed distribution. I applied for the over-65 payment and was turned down on the basis of not having Class A contributions in the relevant qualification years. There was no reference to the Class S or to "self-employment".

This is the result that I expected, based on the criteria. However, I wanted to have confirmation in order to show compliance with the Supplementary requirement to apply for any Benefit for which I might be eligible.
 
Did you have 52 S class in the governing year ?
If you did and had previously had at least 104 A contributions you should have qualified.
 
I didn't request my record but I guess not. I only make an annual drawdown and, anyway, it is well below the €5,000 threshold for 52 qualifying Class S PRSI credits.
 
Early Riser, if your ARF drawdown is too small to qualify for Class S PRSI credits, are you paying voluntary contributions instead?
I'm watching all these threads with keen interest! But I've a few years to go before I need to make decisions. I have a small AVC, but it's very unlikely to be worth enough to withdraw €5k a year.
 

No. After the JB I signed for credits.
 
Threshold/drawdown never part of decision.Paying Class S stamp therefore self employed therefore do not qualify.
 
Michol3 said:
Threshold/drawdown never part of decision.Paying Class S stamp therefore self employed therefore do not qualify.
Click to expand...

The operational guidelines don’t state that class S payments immediately exclude you from eligibility only your (self) employment status. DSP have a code of practice to determine employment status, which may be helpful.
 
Michol3 said:
Threshold/drawdown never part of decision.Paying Class S stamp therefore self employed therefore do not qualify.
Click to expand...
It might be lucky dip depending on the desk it lands on. Would that not mean that no one with an ARF will qualify for Over 65's Payment? I'd be appealing such a decision. My take is that one can have an income of up to €7500, paying class S on that, and still qualify for Over 65's Payment.
 
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I appealed to SW Appeals Office.No mention of thresholds/income.I will quote summary paragraph below sent to me.
”Under social welfare legislation any payments received by way of pension are not regarded as reckonable emoluments for the purposes of self employed PRSI.However,unlike annuity products,ARFs are not pensions but are treated as assets.Distributions from ARFs fall within the charge to class Class S self employed PRSI,or if the recipient of the distribution is a modified class contributor,Class K.”
 
I brought up the anomaly regarding Class S PRSI from ARF withdrawals and the Benefit Payment at 65 with someone senior in the Department some months ago.

Here's a couple of replies that might be useful...


The above reply referred specifically to people who has been self-employed previously. I asked what the position was for people with Class A PRSI. This was the reply...


Regards,

Liam
www.FergA.com
 
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bstop said:
The answer to the questions clarify the situation for Jobseekers Benefit for paye workers but does not clarify the situation for 65s benefit for paye workers.
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I think it is quite clear that any ARF issues do not pertain to the PAYE scheme - under or over 65.
 
Early Riser said:
I think it is quite clear that any ARF issues do not pertain to the PAYE scheme - under or over 65.
Click to expand...

Just noticed that the answer refers to Jobseekers Benefit and then uses the code for 65s Benefit (BP65). This is another example of confusing information.

So maybe one or the other, or both.

Not exactly clear.
 
bstop said:
Just noticed that the answer refers to Jobseekers Benefit and then uses the code for 65s Benefit (BP65). This is another example of confusing information.

So maybe one or the other, or both.

Not exactly clear.
Click to expand...

Confusingly, the Benefit Payment at 65 is a form of Jobseekers Benefit. It's not an early payment of the State Pension.
 
If you have an investment property and making a tax return on income approx. €9,000 PA - Is this considered as employment and would it preclude you from getting the supplementary pension from 60 - 66?

Thanks Sidzer
 
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