Due to her other income, she'd be a Class S contributor!Hey Shirazman!!
If she withdraws 4% from her residual ARF (i.e. 4% of €15k), what PRSI did you suggest to me that she'd have to pay??!!
If she starts an ARF soon she will achieve several years of S class PRSI contributions. These could qualify her for the over 65's payment. She would need to make monthly withdrawals from the ARF to get 52 S contributions per year. Without the S class ccontributions she would need to get a job for 13 weeks at age 63 to qualify assuming she is signing on for A class prsi credits.She should also try to make extra payments into her PRSA if this is possible.
Thanks for that helpful information. We had no idea that someone receiving a teaching pension would be eligible for the Payment for 65 year olds. It is certainly a benefit worth considering. Since resigning her teaching job in 2006 she hasn't had any involvement with the PRSI system. But prior to this, she had accumulated about 15 years of Class D contributions. So the mixed pension is certainly a possibility.
Forget all that financial advise I gave you Shirazman. Your wife would be much better off keeping her PRSA and when she is 75 she should cash it in and invest all her money in tax free state savings.
I pity that poor farmer.
I reckon I will be voting Sinn Fein.
I reckon I will be voting Sinn Fein.
Just read down to post #6. The rest was just banter as you said.What is this post about? Seems to be some sort of banter
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