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Ireland / EU Pension after Brexit..

  • 25-10-2016 9:10am
    #1
    techguy
    Registered Users, Registered Users 2 Posts: 2,236 ✭✭✭


    Hello,
    Let me begin by saying that I understand it is business as usual following the Brexit result but I would still like some clarification on the following.
    I have been living and working in the UK since February 2015.
    Given the Brexit result I am concerned about my future (EU/NON EU) pension entitlements. i.e. Will I be entitled to an Irish pension in years to come if I continue to work in UK.
    Somebody told me that I can make a few more contributions or top up my social credit (or something) in Ireland to retain my pension entitlements in Ireland / EU regardless of what happens in the UK. They also went on to say that if the UK did actually leave I could end up being entitled to both. I was told to check with the Irish authorities about this and to see if there was time left for me to do so or have I been out of the country for too long.
    While I understand the theory of all this and how your pension entitlements is based on contributions. I'm a little unclear in how I need to execute this plan to hedge my bets though.
    Has anybody been through this? Am I too late to act?
    Thanks


Comments

  • #2
    infogiver
    Banned (with Prison Access) Posts: 2,505 ✭✭✭infogiver


    techguy wrote: »
    Hello,
    Let me begin by saying that I understand it is business as usual following the Brexit result but I would still like some clarification on the following.
    I have been living and working in the UK since February 2015.
    Given the Brexit result I am concerned about my future (EU/NON EU) pension entitlements. i.e. Will I be entitled to an Irish pension in years to come if I continue to work in UK.
    Somebody told me that I can make a few more contributions or top up my social credit (or something) in Ireland to retain my pension entitlements in Ireland / EU regardless of what happens in the UK. They also went on to say that if the UK did actually leave I could end up being entitled to both. I was told to check with the Irish authorities about this and to see if there was time left for me to do so or have I been out of the country for too long.
    While I understand the theory of all this and how your pension entitlements is based on contributions. I'm a little unclear in how I need to execute this plan to hedge my bets though.
    Has anybody been through this? Am I too late to act?
    Thanks

    If your making NI contributions in U.K. then you can't make them at the same time in another EU state, and there's no facility to accommodate that.
    Lots of changes in the legislative pipeline re DSP pensions so you will find it difficult to get any clear information about your entitlements going forward
    All you can do is keep working and wait to see what emerges
    You can't hedge your bets by paying in over there and paying in here at the same time, that's not how the system operates


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