I was trying to figure a way to suspend drawdown income to avoid being a Prsi S class contributor. This would have allowed me to qualify for the benefit payment to 65 year olds. I have now checked out that there is an imputed drawdown from Vested PRSAs so it would not have worked. I think the only option would be to cash in all my ARF which would leave me worse off.
I was trying to figure a way to suspend drawdown income to avoid being a Prsi S class contributor. This would have allowed me to qualify for the benefit payment to 65 year olds.
Would drawing down €12,500 from an ARF in one's governing year re 65's payment not tick the box re "Have paid 52 PRSI self-employment contributions at Class S in the Governing Contribution Year"?