Key Post UK State Pension - Make voluntary contributions to qualify for UK pension on top of Irish pension

Hi, posted a ? under an older thread re uk buy back but no response there - the question was if I do a buy back for years in the uk while I was working in Ireland and contributing in irleland does that mean I am double contributing ? - is this ok not to mention legal....also I am in the weird situation where I can make voluntary contributions in Ireland going forward whilst contributing in uk where I am now working, kinda same ? is it ok, wrong or illegal?...thoughts please, would like to get this correct now rather than face confusion later, thanks if any suggestions
 
blanketyblank said:
Thanks
I’ll ring in 2 weeks or so if it isn’t updated online. Hopefully it will be updated online so I won’t have to
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Note that the first time I rang them was mid-August. They said it would be fixed online within a few weeks. It still isn't.

Furthermore, my CF86 form is still showing as In Progress, and it says that my 2023-24 tax hasn't yet been calculated!
 
Just a quick update and thank again for people on here.

Eventually rang and eventually got through to hmrc who confirmed payment in respect of backdated contributions received (class 2), guided 40plus weeks before updated on line.

Think both myself and other half have now 23 odd years contributions and will pay class 2 contribution till retirement, assuming uk doesn’t go bankrupt and we don’t pop our clogs in the meantime, it will be a very welcome boost to retirement income

Thanks again for advice on here
 
No longer have my GBP Bank account as was revoked due to Brexit when moved back to Ireland. When the time comes to claim would you need to go up North to open an Ulster Bank account or similar? Or would it be possible to receive a Sterling pension to an Irish bank account. (Maybe by 2065 the Fintechs will have solved that problem in any event, but curious how it works practicality wise for people claiming at the moment?
 
Can be paid to your Irish Bank account.

"Your State Pension can be paid into:

  • a bank in the country you’re living in"
 
As an Irish resident it's probably best from a fees perspective to open an account with a fintech that has both sterling and euro wallets.

You will get a UK account number for the sterling wallet. Payments from HMRC go into this. You make the transfer to the euro wallet in the app at a very low commission and spend/withdraw/transfer as you please in Ireland.

The alternative is you give HMRC your IBAN for your bank account in Ireland. I don't know the details but bricks-and-mortar banks charge fees and higher commission for transfers in sterling. Fintechs will save you a lot over the course of a retirement.
 
Dr Strangelove said:
As an Irish resident it's probably best from a fees perspective to open an account with a fintech that has both sterling and euro wallets.

You will get a UK account number for the sterling wallet. Payments from HMRC go into this. You make the transfer to the euro wallet in the app at a very low commission and spend/withdraw/transfer as you please in Ireland.

The alternative is you give HMRC your IBAN for your bank account in Ireland. I don't know the details but bricks-and-mortar banks charge fees and higher commission for transfers in sterling. Fintechs will save you a lot over the course of a retirement.
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Do you think Revolut would be a good option?
 
Cameo said:
Just a quick update and thank again for people on here.

Eventually rang and eventually got through to hmrc who confirmed payment in respect of backdated contributions received (class 2), guided 40plus weeks before updated on line.

Think both myself and other half have now 23 odd years contributions and will pay class 2 contribution till retirement, assuming uk doesn’t go bankrupt and we don’t pop our clogs in the meantime, it will be a very welcome boost to retirement income

Thanks again for advice on here
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Crazy that it's taking 40 weeks to update isn't it. I should be about the end of Jan so. Will almost be time to make the next payment by the time this one clears!
 
Peckham said:
I'm in a similar situation. Bought 8 years. Sent them the money in April. I received a letter confirming payment and which years payment was allocated to, but it's still showing as unpaid online.
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Hi - can I ask how long after you sent money did you receive letter confirming payment etc. I sent money in August and haven't received any letter and it hasnt been updated online either. I was told there was a backlog of 35 weeks?
 
dillsquatt said:
Hi - can I ask how long after you sent money did you receive letter confirming payment etc. I sent money in August and haven't received any letter and it hasnt been updated online either. I was told there was a backlog of 35 weeks?
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I rang them twice, and on the second call they said they'd send me a letter confirming it was received. I don't think it was automatic, and only triggered because the agent offered it.

That was about 6 months after sending the payment
 
If I pay 10k to fill in gaps can I claim tax relief in Ireland (on Irish income) on the investment?
 
THANK YOU DannyBoyD and everyone who helped me. I applied online on the 13th of October 2024 and I received a letter today approving my ability to pay. Mostly class 2 but class 3 for some years I was travelling and unemployed.

Delighted and so grateful for this site and all the support / help.

Now to arrange the bank transfer.
 
Thank you Danny and all for your advice and updates . Myself and my wife applied online on 5th November With revised CF83 submitted on 7th November explaining gaps as unemployed but receiving irish unemployment benefit and full credits . Today ( 3 weeks start to finish ) we both received letters by post approving us to pay class 2 for 18 years each .. happy days
 
Kfefish said:
Thank you Danny and all for your advice and updates . Myself and my wife applied online on 5th November With revised CF83 submitted on 7th November explaining gaps as unemployed but receiving irish unemployment benefit and full credits . Today ( 3 weeks start to finish ) we both received letters by post approving us to pay class 2 for 18 years each .. happy days
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Just curious did the letter say you were to pay class 3 annually ? I was a bit confused as mine says you have been approved to pay class 3 annually but then the next page lists a mixture of clas 2 and 3. I wondered if it meant I had to pay class 3 going forward between 2025 and 2034 when I am 67 ?
 
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