How many pensions???

DrPhilG

Complicated one possibly...

I've read a few threads about claiming a pension in Ireland when you work in the UK, but I also have an NHS pension in the UK, and I also have income in Ireland.

I work in the UK for the NHS and have been contributing to the superannuation pension for 11 years. I have been working in total for 14 years in the UK.

I also worked for about 4 years in Ireland before moving, and for the past 6 years I have had a small income in the south too (from rent received).

I've been trawling the internet looking for answers but only finding parts. The fact that I have 3 potential pension incomes complicates most answers that I find.

On top of all that, I hope to retire early (hopefully 50, I'm 33 now).

Any insight from you folk? Or if I need to call someone, who?

mrsbyrne

The youngest you can get a pension in Ireland currently is 66 and rising fast, 33 years away for you. Our State pension scheme is currently being scrutinised in order to make savings to the state. Nobody here could predict what entitlements here will be in 17 when you hope to retire or 33 years which would bring you up to current pension age.
What I can tell you is that by 2030 anyone applying for a pension here will need 30 years minimum contributions in Ireland to get anything at all without being means tested. You have 4 years.

DrPhilG

The tax on income as a landlord doesn't count for anything?

mrsbyrne

DrPhilG wrote: »

The tax on income as a landlord doesn't count for anything?

No. You pay tax because you have income.
PRSI is like your national insurance in the UK.
Tax is administered by Revenue.
PRSI is administered by the Department of Social Protection.
Here, the amount and frequency of your PRSI contributions determines your entitlement to Benefits.
State Pension (Contributory)is a Benefit.
Pensioners (or anyone) who dont have sufficent PRSI contributions to qualify for a Benefit can ask to be considered for "Assistance" (the claimant is saying"i dont have enough money to live on".)
In the case of pensioners this means applying for a State Pension (Non-Contributory) when you are 66.
In this case the state asks you to provide evidence of what income and assets you do have, and then they decide, after following a means test, if you are entitled to any "assistance", and if so, how much.
More recently, if you have not lived in Ireland for a number of years you also have to prove that Ireland is your permanent home.
Even if you are an Irish citizen, and you are living in the UK.
This is called fulfilling the Habitual Residence Condition.
If you think about it this all makes perfect sense.
If you have two pensions and a house with rental income, it is likely that you wouldnt be considered as in need of financial asistance.

DrPhilG

I do live here, have done all my life apart from a spell of about 5 years when I lived in the North.

Fair enough though, no Irish pension. The rest of my query is related to the 2 UK pensions so probably need to contact someone on that side.

Thanks though.

mrsbyrne

DrPhilG wrote: »

I do live here, have done all my life apart from a spell of about 5 years when I lived in the North.

Fair enough though, no Irish pension. The rest of my query is related to the 2 UK pensions so probably need to contact someone on that side.

Thanks though.

Im a bit confused DrPhilG.
In your OP you say
"I work in the UK for the NHS and have been contributing to the superannuation pension for 11 years. I have been working in total for 14 years in the UK."
But now you say you are living here?

DrPhilG

mrsbyrne wrote: »

Im a bit confused DrPhilG.
In your OP you say
"I work in the UK for the NHS and have been contributing to the superannuation pension for 11 years. I have been working in total for 14 years in the UK."
But now you say you are living here?

Live in Ireland, work in N Ireland. Common enough I would have thought?

Sorry for the confusion.

Cushie Butterfield

Have a look here: >http://www.borderpeople.info/index/faqs/faqs-retirement.htm<

babybaby2014

Can you claim two pensions? UK and Irish?

mp22

babybaby2014 wrote: »

Can you claim two pensions? UK and Irish?

Short answer is yes.you may get a reduced rate on the Irish pension if you are claiming a non-contributory pension.