I've been reading about State Contributor Pension and working overseas.
http://www.citizensinformation.ie/e...cial_insurance_contributions_from_abroad.html
http://www.welfare.ie/en/pages/qualifying-for-state-pension-contributory.aspx#q11
http://www.askaboutmoney.com/threads/query-on-claiming-state-pension-from-outside-ireland.136492/
I've been living in Canada since 2010 and working towards citizenship. Once I have citizenship (2 more years) I intend at some point to work in Ireland to accrue the remaining contributions.
There is bilateral agreement between Canada & Ireland
http://www.welfare.ie/en/Pages/1710_Can-I-qualify-for-a-payment-from-both-countries.aspx
I can qualify for pension in both countries
I have 466/520 contributions paid. The remaining 54 to be paid before reaching the age of 66.
I apologize for the following questions but I can't seem to find an explanation :S
I'm not really clear on how the contributions are accrued. I know I paid PRSI all those years, is there a euro value for a contribution? €x = 1 contribution? Or is is based on the fact that I was in fulltime employment? 1 month = 1 contribution?
How can I determine how long I have to work for to make 54 more contributions.
Is there a difference come retirement for a person with 520 and someone with 620?
Are more better?
Does the amount of PRSI I paid factor into how much I will receive after 66?
I also have a very poor private pension account being managed to some degree by New Ireland Assurance. I'm wondering if I should move that to Canada and manage the money here (that might incur income tax in Ireland)?
http://www.citizensinformation.ie/e...cial_insurance_contributions_from_abroad.html
http://www.welfare.ie/en/pages/qualifying-for-state-pension-contributory.aspx#q11
http://www.askaboutmoney.com/threads/query-on-claiming-state-pension-from-outside-ireland.136492/
I've been living in Canada since 2010 and working towards citizenship. Once I have citizenship (2 more years) I intend at some point to work in Ireland to accrue the remaining contributions.
There is bilateral agreement between Canada & Ireland
http://www.welfare.ie/en/Pages/1710_Can-I-qualify-for-a-payment-from-both-countries.aspx
I can qualify for pension in both countries
I have 466/520 contributions paid. The remaining 54 to be paid before reaching the age of 66.
I apologize for the following questions but I can't seem to find an explanation :S
I'm not really clear on how the contributions are accrued. I know I paid PRSI all those years, is there a euro value for a contribution? €x = 1 contribution? Or is is based on the fact that I was in fulltime employment? 1 month = 1 contribution?
How can I determine how long I have to work for to make 54 more contributions.
Is there a difference come retirement for a person with 520 and someone with 620?
Are more better?
Does the amount of PRSI I paid factor into how much I will receive after 66?
I also have a very poor private pension account being managed to some degree by New Ireland Assurance. I'm wondering if I should move that to Canada and manage the money here (that might incur income tax in Ireland)?