Hi All,
I have a question in relation to social welfare benefits for former company directors.
I am aware that proprietary company directors are not entitled to any social welfare i.e JSB or JSA.
Does this mean a person who paid prsi for 17 years as an employee and not a director of any limited company but subsequently became a company director after that length of time is not entitled to claim ANY benefit for the prsi paid in the years prior to him becoming a director.
Is it a case that all PRSI contributions along with ones SW entitlements that these contributions generate are "lost" or "wiped out" as soon as one becomes a proprietory director.
Any comments would be much appreciated.
Down to a case by case situation
R.