my second question
if I did retire Dec 2025 from my class A stamp but then got a part-time job for the following year 2026 only would it be cheaper for me to buy voluntary contributions as the stamp wouldn't be A?
Thank you for your response.If you opt to make voluntary Prsi contributions, you would pay 6.6% of your previous years Class A earnings, subject to a minimum payment of 500 euro.
So assuming that you are earning more than 7575 euro, you will pay 6.6% of your earnings in year 1. (Year immediately after you retire)
If this year is not critical to you in reaching your target amount of Prsi contributions, you could skip voluntary contributions for this year and avoid the 6.6% cost.
You could begin your voluntary contributions the next year and only pay 500 euro.
If you are not in employment and have no Class A earnings in any of the following years you will pay 500 euro per year.
Bear in mind that voluntary contributions only cover you for the Contributory Pension.
Your would loose your treatment benefits and also eliminate the possibility of qualifying for Benefit Payment 65.
If you are claiming Jobseekers credits you would continue to receive treatment benefits and keep open the possibility to qualify for Benefit Payment 65.
You are allowed to claim Jobseekers credits and make voluntary Prsi contributions in any yearly period.
Are you sure you can dip in and out like this? The operational guidelines aren’t fully clear but suggest that it’s for people who are out of the system.You could pay voluntary contributions to make up your shortfall each year.
who ceases to be covered by compulsory PRSI may opt to become a Voluntary Contributor, provided certain conditions are satisfied.
If you are not carrying out a trade this would be a sham for the purpose of accruing PRSI credits. I doubt this would be legal.What about setting up a company and paying yourself 38 euros per week, and pay the prsi on it, each month, would that allow you to get the stamps?
Would the cost to the employer be a lot more though ?However many people have a friend or family with a business who could find them something productive to do for €38 a week.
8.8% increasing to 8.9% on 1st October.Would the cost to the employer be a lot more though ?
Check out family employment and registering as an employer on revenue.ie.What about setting up a company and paying yourself 38 euros per week, and pay the prsi on it, each month, would that allow you to get the stamps?
Setting up a new business is fully legal, as long as it has legitimate purpose and I was not suggesting otherwise. Sorry if this was not clear.If you are not carrying out a trade this would be a sham for the purpose of accruing PRSI credits. I doubt this would be legal.
However many people have a friend or family with a business who could find them something productive to do for €38 a week.
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