Frankie123
New Member
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You can claim class A credits and pay class S Prsi at the same time.Thanks S Class. I was hoping that you would reply to share your experience.
If I am already paying S Class contributions during my pension drawdown, how do I change to Class A contributions? Do I need to suspend my payments from the ARF and claim Class A contributions instead.
Thanks
LT
Sorry to hijack this thread, but I am concerned and confused about the requirement to have Class A PRSI stamps in order to obtain the BP 65 payment as this is my governing year.
I am 63. I was paying Class S PRSI when I stopped working in 2022. In 2023, I paid Class S PRSI on rental and dividend income and also had an ARF income. I plan for income in 2024 and 2025 to continue similarly as 2023. My understanding was that as long as I have 3 full years Class S PRSI, I will be entitled to the BP65 payment during the year before I draw down the OAP.
Will I be entitled to the BP 65 payment or am I frozen out due to the lack of Class A stamps ?
Thanks
Thanks S classYou don't necessarily have to have class A Prsi to qualify for BP65.
It is possible to qualify with class S Prsi. However there are a different set of rules.
In your case, you will not qualify under class S or class A rules if your rental and investment income is over 7500 euro per year.
If you follow the plan in the link on post #4 you could qualify for Jobseekers Benefit instead.
For this plan to work for you, you will need a minimum of 39 class A in your governing year. You would need Class A employment before the end of this month to get 1 paid contribution and then cease this and sign on for credits until the end of the year.
You also need a minimum of 104 class A from any time in your Prsi payment history.
Thanks so much for the advice. Being realistic, I'm out of time to get one paid contribution before the end of March, so I will stick with the Class S route.In your case, you will not qualify under class S or class A rules if your rental and investment income is over 7500 euro per year.
Superb info and adviceThe 7500 would apply to the claim years, so 2026 up February 2027.
You also need to have ceased a self employment at any time in the period from age 63 up to your 65th birthday.
You would need to restart a self employment and then cease it before your claim.
Thank you for replyingYes you will qualify. Apply on your 65th birthday.
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