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State Pension Question

  • 21-05-2021 05:50PM
    #1
    aquickone
    Registered Users, Registered Users 2 Posts: 1 ✭


    I don't know if this is the right forum so mods feel free to move. 

    Hi, this might be an usual question and I don't know if someone can give me an answer but I have worked in Ireland for a number of years and am thinking of moving abroad for a while perhaps permanently. Is it possible to register as self employed lets say beautician in order to pay PRSI contributions for a while to get me to the 520 contributions required for a state pension ?

    If I declare to the revenue that I earn I don't know 300e a week or less whatever the minimum amount can be and pay PRSI from that amount, can that be done ? I know about the voluntary contributions that a person can pay but I think you can only make these once you've earned your 520 regular contributions from employment or self employment.

    I just don't want the years I spend working here to go to complete waste and would gladly pay to make up the amount needed. Now before somebody asks, I probably won't be working in the country I am moving to for the duration of my "self-employment" in Ireland as I have a decent amount of money saved and am getting an inheritance so would be okay without work for a good while. Even if I was to work there part time I don't think it would be illegal as you are surely allowed to work in any country you wish and although unusual might change the countries you work in.


Comments

  • #2
    hawthorne
    Registered Users, Registered Users 2 Posts: 655 ✭✭✭hawthorne


    Your idea of having a sort of beauty business here sounds fishy to me.
    You would need to hand in proper facts and figures to Revenue. Will you make all that up?
    Why don't you set up something real in your new host country? If it is an EU country, you can combine your foreign and Irish credits to reach the 520 contribution rule. Nothing is lost that way.
    When you reach pension age, you get a pro rata pension from both countries.


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