This results in his getting approximately the same pension for himself and his wife as a similar couple on a non-contributory pension who paid nothing.
Can the lady apply for a non contributory pension or will the spouse's income make the exceed the threshold?
Here is some info on means testing a couple
http://www.citizensinformation.ie/e...payments/assessing_the_means_of_a_couple.html
I would definitely advise the lady to speak to SW just incase she can get a non contrib.
If you exclude all the differences then yes it is similar.The point I made was that he will (as of age 66) be getting almost the same in pension as if he'd never worked nor made any contributions to state coffers via pension contributions or PRSI.
This figure is surprising low. The average salary at retirement is closer to 60k so the average full pension would be around 30k, plus 90k lump sum. If we're talking about partial pensions, then the comparisons with non-contrib pensions start to become even more confused.PS pesnions average out around €17/18k (I have no access to CS pension figures)
.. that all public sector pensions over €12,000 are now subjected to a "Public Service Pension Reduction"
I am surprised that nobody has mentioned that all public sector pensions over €12,000 are now subjected to a "Public Service Pension Reduction" This varies up to 12%. So a PS pension is now no longer 50% of salary.
No it won't as the pension levy does not apply to pension income.OP's BIL pension will be based on pay reduced from 2010 and further reduced by the 'pension levy'.
Just to give full details and prevent anyone from thinking pensions were cut by 12%, it's a graduated schemeall public sector pensions over €12,000 are now subjected to a "Public Service Pension Reduction" This varies up to 12%.
This figure is surprising low. The average salary at retirement is closer to 60k so the average full pension would be around 30k, plus 90k lump sum. If we're talking about partial pensions, then the comparisons with non-contrib pensions start to become even more confused.
No it won't as the pension levy does not apply to pension income.
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