T
tess
Guest
Hi,
I know this question has been addressed but my situation is a little different.
I worked from 1985 up until 1993 and then went abroad to return back to the public service 2009. The superannuation office calculated my years of service above to amount to over 18,000 euros as i was employed on a temporary service before I went away.
My question is should I just pay this amount in one lump sum and hopefully will get some back from revenue (?41 %) or should I just pay a small amount off each year until I retire? Does the amount I owe actually increase over time with interest added on too?
Secondly If I decided to leave my job even though I am back in it almost 4 years now would I be wasting my money by buying back the years anyway as I am currently paying into a pension so should be entitled to something when I reach retirement age even if I do leave prematurely? (I was debating going abroad again).
I am very confused about the best way to to pay this lump sum and if I should pay it especially if I am contemplating leaving again.
I would appreciate any advice.
Kind regards.
I know this question has been addressed but my situation is a little different.
I worked from 1985 up until 1993 and then went abroad to return back to the public service 2009. The superannuation office calculated my years of service above to amount to over 18,000 euros as i was employed on a temporary service before I went away.
My question is should I just pay this amount in one lump sum and hopefully will get some back from revenue (?41 %) or should I just pay a small amount off each year until I retire? Does the amount I owe actually increase over time with interest added on too?
Secondly If I decided to leave my job even though I am back in it almost 4 years now would I be wasting my money by buying back the years anyway as I am currently paying into a pension so should be entitled to something when I reach retirement age even if I do leave prematurely? (I was debating going abroad again).
I am very confused about the best way to to pay this lump sum and if I should pay it especially if I am contemplating leaving again.
I would appreciate any advice.
Kind regards.