aged 65 and your state pension

Charlie-Bravo

Hi posting this thread in interest of a conversation had in recent weeks. I'm not up to speed with how the state pension works (have not yet had the opportunity to claim such!). Here's the scenario...

You hit 65+ years old, you still have the ability to work on through your years as you may well be capable of doing your job (plus what the heck else are you gonna do with your day!) If you keep working past 65: a) do you get a state pension as well as your paycheque?, b) you don't get the state pension and lose out on the privilage for the time your are 65+ while working and still receiving a paycheque and paying income tax etc?, c) you work in the normal way, receive your pay as normal, pay taxes etc, and the pension accumulates until you quit work and 'drawdown' on it? or d) another scenario that I haven't mentioned?

Your comments are appreciated and understand fully that not all comments may be fully correct.

Regards, Astro.

seamus

At 65, provided that you have completely finished working, you receive a tranistionary pension. If you keep working at 65, you don't get this. At 66, you can apply for the state pension, regardless of whether or not you are working.

All of your income is taxed in the normal way, but your PRSI contributions change slightly.

BuffyBot

Moving to State Benefits.