On the PRSI issue I imagine I will be paying same on my pension so these count as contributions?
The term "cost neutral" seems to indicate no cost in taking early retirement but I'm guessing that you are giving up a lot more than you would normally receive at NRA?
in this example we have 45k - 3/4(13,000) = 35,250. Then after CNER you end up with 15k. So you are giving up circa half your pension to get 10 years of 15k. Ignoring PV of money that would be 150k. To buy 15k of pension from say 65 would cost 500k at 3% or 375k at 4%. Again this would have to be brought back to PV but still looks like bad value?
Or is there something else?
in this example we have 45k - 13,000 = 32,000. Deferred pension then is 3/4 of that or 24k. Then after CNER you end up with 15k. So you are giving up 9k of your pension to get 10 years of 15k. Ignoring PV of money that would be 150k. To buy 9k of pension from say 65 would cost 300k at 3% or 225k at 4%. Again this would have to be brought back to PV but still looks like bad value?
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