Hi,
I am 57 years and since I began working I have been on class A stamp. I want to retire Dec 2025 I will be 58. For the next 6 to 7 years I want to buy voluntary PRSI contributions so that I get near to the top of the state pension when I reach 65-66 yrs.
I heard that the amount you need to pay for voluntary prsi contributions is based on the previous year so basically if I was on class A stamp how much money would I have to pay for the next year and the next 6 years. is there a formula for this?
Then my second question
if I did retire Dec 2025 from my class A stamp but then got a part-time job for the following year 2026 only would it be cheaper for me to buy voluntary contributions as the stamp wouldn't be A?
I am 57 years and since I began working I have been on class A stamp. I want to retire Dec 2025 I will be 58. For the next 6 to 7 years I want to buy voluntary PRSI contributions so that I get near to the top of the state pension when I reach 65-66 yrs.
I heard that the amount you need to pay for voluntary prsi contributions is based on the previous year so basically if I was on class A stamp how much money would I have to pay for the next year and the next 6 years. is there a formula for this?
Then my second question
if I did retire Dec 2025 from my class A stamp but then got a part-time job for the following year 2026 only would it be cheaper for me to buy voluntary contributions as the stamp wouldn't be A?