paradidomes
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Where did you work before and for how long? EU is automatic and there are bilateral social security agreements with a lot of places.Is there any way under the new system to 'fill in' the gap or top up the contributions ?
It was Poland - but the type of employment I worked under was 'umowa zlecenie' (or: 'per project basis - cannot really find an equivalent in law or in terminology) and this type of 'employment scheme' attracted all kinds of levies or taxes but neither of these would qualify as PRSI. So I worked a number of years as freelance and I was cumulatively taxed at 20-30% level but neither of them was a 'PRSI or pension type contribution' .... I do not want to get into this (thats why I wrote its complicated). Bottom line - - I did not sit on my a..... for all these years before coming to Ireland but I cannot transfer them as creditable over here. (and much of this time was even before even Poland joined the EU and reformed their laws to conform with EU standards).Where did you work before and for how long? EU is automatic and there are bilateral social security agreements with a lot of places.
Sounds like some sort of "contractor" or self employed role?It was Poland - but the type of employment I worked under was 'umowa zlecenie' (or: 'per project basis - cannot really find an equivalent in law or in terminology)
Check if you are entitled to any credits or could make voluntary contributions perhaps?Can I do anything to top it up whilst I am still before 66? Pay some form of lump sum contributions next to my current ones?
What about people who entered the system late as I did - there must be a percentage of population affected and there surely must be a policy solution here to bring their pension to a 'liveable' or 'sustenance' level (or am I wrong)?
No. You can delay retirement up to age 70 and keep contributing. You might be better off that way.will only have 21 years of contributions when I am 66. And my pension will be 630 Euro. Can I do anything to top it up whilst I am still before 66?
here to bring their pension to a 'liveable' or 'sustenance' level (or am I wrong)?
OP said that he is in employment and will stay in employment. So voluntary contributions are not an option for him at the moment.You can pay voluntary prsi up until your 70th birthday. This is charged at 6.6% of your previous years class A earnings or a minimum of 500 euro.
You have to defer your pension beyond age 66 to do this. For each year deferred the amount of pension also rises.
So you would gain extra contributions and an extra portion of a larger pension.
You can also remain in employment up to age 70 to gain extra contributions.
You can also use an ARF to gain extra contributions up to age 70.
Check here 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
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