If she hasn't done so already she should ensure that she gets credit for any social insurance payments made in another countryShe has worked as a Nurse all her life partly in another EU country but the last 26 years in Ireland.
She should check if she qualifies for Jobseekers Benefit or Allowance.if she resigns from her job Is it possible to claim unempoyment benefit as it might be unlikely that she will find other employment at her age?
Yes, both forms of income are assessable for income tax.If she claimed unempoyment benefit would the Euro 320 count as deductible income? Thanks in advance for any advice.
Welfare benefits such as Jobseekers Benefit are based on PRSI contributions and are not means tested. Welfare allowances such as Jobseekers Allowance are means tested. See the links that I posted above.Thank you for the reply. Q: would the e320 monthly private pension from her employer deducted from any unempoyment benefits? (provided she would qualify)
But presumably retiring early means that this person will not be able to claim Jobseekers Benefit?As far as I‘m aware, choosing to take early retirement is not considered resigning.
They can claim jobseekers benefit and if they meet the PRSI requirements they would be entitled to receive the payment. The only argument would be whether a penalty of a delay for up to 9 weeks would apply.But presumably retiring early means that this person will not be able to claim Jobseekers Benefit?
If she has sufficient S class Prsi contributions from her ARF she will qualify for the Payment for 65 year olds. If not and she was paying A class Prsi she will need 39 A class Prsi contributions, of which 13 must be paid contributions, in her 63 year. This means she would need to continue working for 13 weeks into her 63rd year and then sign on for A class Prsi credits immediately. If she qualifies for jobseekers benefit she will get the A class credits if she does not qualify it is crucial to sign on for credits.She feels exhausted of nursing and is looking for options to retire at the age of 63
Thank you ! She did not job share. She has checked the template issued by the Superannuation Officer for her Estimate of Benefits . At 65 she would receive a Lump Sum of E 23864 and a annual pension of E4064 Pension Factor 8.67%. A Supplementarry Pension may be payable.If she job shared, then she will get 1 year of pension , for every two calendar years of service.
Even so, 320 a month is low.
If she had 55k pensionable salary, she should get a pension of around 8-9k per year. 320 per month may be the HSE pension. But she will be entitled to a Supplementary pension to make up the difference. Initially, if she has full class A PRSI, she can get the Jobseekers Benefit ( which is not means tested) for 9 months. Then the supplementary pension will kick in. Then when she gets to state pension age, she can apply for the state pension, which will be added to her original HSE pension ( 320 a month), but she will stop getting the supplementary.
She can work, but if she works and pays PRSI, then she loses the supplementay. This is from the Psychiatric Nurses forum, but explains the entitlement
ENTITLEMENT TO SUPPLEMENTARY PENSION - The PNA - The Psychiatric Nurses Association of Ireland
The Psychiatric Nurses Association PNA is a Professional Association and Trade Union.www.pna.ie
She should contact the company running her AVC , so that she maximises her tax free lump sum.
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