prsi/pension query

A

annamac1

Guest
What is the position when my husband has paid prsi (CLASS S) in 2001 and 2002 on investment income in u.k. We have a low income at moment and for 2003 I noticed there was no demand for prsi contribution of 254 euro. When I contacted revenue they now say they are refunding prsi contribs for 2001/2002 as income arose outside the state even though my husband is living here - we were just trying to make provision for his retirement as he is now 60 . He can not make any voluntary contribs as he already does this in the u.k. Is there a way forward from here to try and ensure that he can get at least a part pension here is ireland? Any advice helpful.
 
Are you already aware that the (Irish) state provides both contributory (PRSI related, non means tested) and non-contributory (non PRSI related, means tested) pensions? Perhaps he may be entitled to the latter and/or a partial contributory pension? Do you know what his/your overall PRSI/UK National Insurance contribution history looks like? Do you have any private pension cover at all? Would your means rule out a non-contributory pension? For more on these pension payments see the and DSFA websites.
 
Thanks Clubman for info - yes am aware of contrib pension . I am Irish and will get a pension (contrib)in my own right but we won't pass a means test for non-contrib for my husband. Would there be any advantage in now stopping U.K voluntary contribs and paying them here in Ireland for the next 5/6 years to try and get the best pension here using his U.K contribs and then hopefully there might be a small U.K pension from the remaining contribs.
 
I can't answer this question to be honest. You should probably get a clear understanding of your husband's UK and Irish insurance contribution history and try to get a feel for what sort of benefits these will secure (perhaps after transfer of credits between countries) now and what the benefit of making more voluntary contributions might be. I would imagine that the best place to start would be the UK and Irish welfare authorities and perhaps a citizens' advice centre if possible.
 
Will do that . Regretfully his company pension scheme was wound up in the u.k. - not that it was ever a very good one!
Thanks again.
 
Regretfully his company pension scheme was wound up in the u.k

What exactly do you mean by this? Did he not get an opportunity to transfer accumulated pension savings to another pension provider when the scheme was wound up?
 
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