signing for credits again after self employed contract ?

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mtk

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Been paye employee all my life .

Currently signing for credits after jsb Ran out . I want to make sure I get state pension.

I May have opportunity to do contract for 6 months but " employer " wants me to set up my own company rather take me on the payroll.

Questions : if I do this I will become self employed so
will I have to shut company down when contract ends to sign for prsi crediits ?
Or will I not be able to sign for credits anymore?
(Note : I know this 6 months doesn't count in terms of getting jsb again)

Thanks
 
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Your new employer wants to save Employer PRSI costs, and he may be able to do so depending on the exact nature of the work you'll be doing for him. Bear in mind you'll now have extra costs (tax return etc at the end of the year) but you may be able to gain a small advantage on any expenses you otherwise incur.

There used to be an amount circa 250euro which the sef-employed would pay to ensure they got the OAP.
 
Just to be clear I dont want to be "self employed". I am wondering what happens afterwards re signing for credits or will i have to become a voluntary contributor?
 
Here is the DSP guidelines http://www.welfare.ie/en/Pages/What-happens-if-I-was-self-employed-but-I-no-longer-work.aspx

Here is the explanation from Cit Info site http://www.citizensinformation.ie/e.../credited_social_insurance_contributions.html

From my reading of those if you only work for the six months and go back to credited contributions it should work as you must have paid or credited contributions in the previous two tax years which you should still fall within. However if you go past that window and your only paid contributions are as self employed then the credit option won't be open to you and you would have to pay the voluntary contribution.

However I would double check this info with DSP to be sure to be sure.
 
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