What country? He may be able to use these for eligibility in Ireland.And then a decade or so abroad.
Was he in the FCA? Class J is payable on FCA training allowances.16 class "J" credits back in 1987/88
Thanks for replying!What country? He may be able to use these for eligibility in Ireland.
Was he in the FCA? Class J is payable on FCA training allowances.
Good!The country was Northern Ireland (he's chasing them to pay missing years and continuing till he retires).
Thanks, he's been at that for months - should have a final answer about class ii or iii by the end of the month.Good!
Make sure to do it before April as the window closes to pay more than five years in arrears then.
Doesn't the PRSI contribution statement say at the top what the date of entry into the system is?I can tell that Class J aren't reckonable for pension but are they for entry into employment for yearly average?
Ah, I see. Not sure why that is.Didn't spot that, thanks. But in any case its blank on his. Guess we need to go back to Welfare.
View attachment 7105
Full Rate Employment contributions
The department will work out your entitlement to state contributory pension from the date your first social insurance contribution was paid (the date you first entered insurable employment).
Yes, that's what I was told by a pension intermediary regarding my early class M contributions.This could work against him if he is relying on the annual average approach of course as his first contributions were very young and there's a big gap when he was in NI.
I've had a statement posted to me, and it's the same as that. As in, the date of entry part has been left blank. Which is a pity, as I'd hoped that it would say the date I first paid PRSI, as that would help with my average calculation.Didn't spot that, thanks. But in any case its blank on his. Guess we need to go back to Welfare.
View attachment 7105
As per above, I don't think there's any ambiguity. First PRSI payment at any class is used for the averaging calculations.Which is a pity, as I'd hoped that it would say the date I first paid PRSI,
I agree. It would favour someone like me, who started paying PRSI much later, and harsh on someone who started early, but then had a gap .As per above, I don't think there's any ambiguity. First PRSI payment at any class is used for the averaging calculations.
This is pretty unfair on someone who had a summer job at 16 and then had big gaps in their contribution record for whatever reason, but that's another story.
Exactly. But you could have the situation where the averaging approach works against you due to a few contributions when you were very young.But I thought there were two methods of doing the calculation, and both were used, and whichever was the best option, is the one used?
TCA vs averaging.But I thought there were two methods of doing the calculation, and both were used, and whichever was the best option, is the one used?
The National Pensions Framework has proposed that the TCA be introduced to replace the current average rule. However, legislation is required before any changes may come into effect.
If he tops up to 35 years NI contributions via voluntary contributions he will get the full UK state pension.Thanks to all. It does appear to be a little unfair. But on the upside the hunt for answers brought us to askaboutmoney a few months ago where we learnt about the UK / NI situation, so whilst he may have a reduced pension down here he may get a good chunk up North.
I think the unfairness is the averaging system itself. The sooner it is phased out in favour of the an exclusive TCA the better. Fairer for everyone.It does appear to be a little unfair.
Does it really matter given that the most favourable of the two is applied in each individual's case as things stand?I think the unfairness is the averaging system itself. The sooner it is phased out in favour of the an exclusive TCA the better. Fairer for everyone.
In terms of fairness it does. Someone who first enters the insurance system at 55 can qualify for a full State Pension at 66 under the averaging system. Someone else with 30 years of contributions may only get a partial pension under either approach.Does it really matter given that the most favourable of the two is applied in each individual's case as things stand?
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?