Advertisement
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.
https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

State Pension for Landlords and First Time Buyer Scheme

  • 15-06-2020 01:06PM
    #1
    maria.luis
    Registered Users, Registered Users 2 Posts: 2 ✭


    My husband and I have been saving to buy a house and we were hoping to divide it into two houses and rent it. 
    1-If our only income is property income, is the PRSI that we are paying relevant for the state pension?

    2-And if we decide not to live there permanently, we won't be able to avail of the First Time buyer scheme, correct? We are interested in the non-resident status.

    Thank you


Comments

  • #2
    coylemj
    Registered Users, Registered Users 2 Posts: 25,904 ✭✭✭✭coylemj


    maria.luis wrote: »
    1-If our only income is property income, is the PRSI that we are paying relevant for the state pension?

    Assuming you are paying Class S (4%) PRSI, the answer is yes. You'll see 'State Pension (Contributory)' listed in the benefits at the link below. Minimum contribution in 2020 is €500.

    https://www.gov.ie/en/publication/6e5b2e-prsi-class-s-rates/


  • #3
    maria.luis
    Registered Users, Registered Users 2 Posts: 2 ✭maria.luis


    Thanks coylemj. So, even if I move to another country, if I continue paying my PRSI, I can count on the state pension.

    Do you know how does it work for couples? The house belongs to both of us so will we both get the pension?


Advertisement