My wife has not been working over the last number of years and we have been looking in to the possibility of making voluntary contributions & I'm just trying to get my head around the numbers.
Her contribution history is attached.
We are in a position to pay the €500 for years 2018 - 2020 at the moment but I am struggling to figure out whether this will ultimately benefit her when hopefully qualifying for State Pension in a number if years time.
Assuming there is still a contributory pension available can anyone advise on whether we should make the contribution i.e. would she be entitled to a bigger pension on retirement if the voluntary contribution is applied?
Thanks
Her contribution history is attached.
We are in a position to pay the €500 for years 2018 - 2020 at the moment but I am struggling to figure out whether this will ultimately benefit her when hopefully qualifying for State Pension in a number if years time.
Assuming there is still a contributory pension available can anyone advise on whether we should make the contribution i.e. would she be entitled to a bigger pension on retirement if the voluntary contribution is applied?
Thanks