I never heard of this. Was it a semi-state or public service?but had 6 years previous service in the pre 95 scheme which I had cashed in at the time of leaving as I was going abroad.
My understanding is that you can't claim supplementary pension until you reach 60 (well 60 and 9 months after claiming jobseekers benefit)Assuming that when you retire at age 58, you will be claiming Jobseekers benefit for nine months before you are allowed to claim supplementary pension.
Oh that's interesting, I didn't think you could claim JB if you voluntarily quit (retire). So therefore pre-2004 PS workers could retire at 59 years and 3 months then claim JB (may be enhanced by that stage) and then supplementary at 60?Weleda could claim their entitlement to Jobseekers Benefit at age 58.
Presumably 9 months.
Then at age 60 they could apply for supplementary pension.
Presumably they would immediately qualify for supplementary pension because they have already exhausted all Social Protection entitlements.
Your contributions on here are consistently excellent. Thank u for sharing your knowledge. I learned so much about our PRSI system and ARF Class S from your postings. In fact I hope to draw down my own pension early in 2025 so that I can access my own AVCs via an ARF. I have a gap in my own PRSI record that needs filling. Hopefully trustees of my DB Scheme agree to my early drawdown request .... otherwise I will be prevented from accessing my own AVCs..Assuming that when you retire at age 58, you will be claiming Jobseekers benefit for nine months before you are allowed to claim supplementary pension.
You could continue to sign on for Jobseekers credits up to age 66.
This could gain you up to 8 years of reckonable Prsi.
Up to 520 credits are reckonable for the Contributory pension.
You probably have some pre entry credits already.
This could bring your total contributions up to about 2116.
This would allow you to qualify for the full contributury pension at age 66.
This plan would cost you nothing.
You probably don't need any additional voluntary contributions or class S from an ARF.
It might still be beneficial for you to make AVCs. These could be used to maximise your revenue allowable tax free pension lump sum.
Any surplus AVCs remaining after maximising your lump sum could then be used to purchase an ARF or annuity to increase your retirement income.
Read this thread for more information.
Key Post - PRSI and planning retirement
This Key Post is in the form of a FAQ where I don't know many of the answers. I will update the post as I get answers. 1. PRSI payable on reaching state pension age Answer: 0 (Class M) 1a. Does this relate to the start of the tax year in which you become 66? Or to after your birthday? Answer...www.askaboutmoney.com
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?