Retaining PRSI - Do I have to sign on??

A

AnneD

Guest
Hi

as per my previous post, I have just taken voluntary redundancy from work. I have been advised that I should sign on for job seekers allowance in order to retain my stamps / PRSI entitlements, as otherwise I won't be eligible for PRSI benefits in the future, including a full old age state pension.

I do not want to sign on as I am not seeking a job, nor do I want to claim money that I am not entitled to. However, I really do want to maintain my PRSI entitlements and ensure that I retain my right to a full pension on retirement - I have paid a lot of tax over the last 15 years, and so don't want to lose the benefit of this, if I can help it.

Does anyone have any advice on how I can retain my PRSI benefits or if I lose them, what are the short term and long term implications of this.

Thanks again for advice.
 
Hi

I have just found out from someone else that it seems I don't have to make contributions if I just want to retain my pension rights (but lose other rights). you have to register as a homemaker, which allows you to retain pension rights up to your youngest child being 12.

see attached links for info.

http://www.welfare.ie/EN/Publications/sw12/Pages/16CanIqualifyforcreditsunderthehomemakersscheme.aspx
http://www.welfare.ie/EN/Publications/sw1/Pages/Introduction.aspx

http://www.citizensinformation.ie/categories/social-welfare/irish-social-welfare-system/social-insurance-prsi/Voluntary%20social%20insurance%20contributions
 
You must log in or register to reply here.
Back
Top