Any point in signing on

I quit my job as I was fed up before Christmas. I'll find another job quick enough and have the funds to tide me over until I do find a job. I had no intentions of signing on and really don't know anything about it.

However, I was told by a ex-colleague that I should sign on so I have a continual record of PRSI credits - is this correct?!

Atlantic Dawn

Yes sign on so there's no break in your PRSI contributions, otherwise there could be a gap at the end of your working life which could mean the difference between getting the full state pension and not.

Dempo1

I agree with @Atlantic Dawn but OP keep in mind as you gave up your job your likely to be penalised for a few weeks in terms of receiving an actual payment, however important you sign on for reasons outlined by Atlantic Dawn.

Ok - So even though I will be disqualified from payment for 9 weeks and will have another job by then I should sign up for PRSI credits? Just seems a bit of a faff and I definitely don't need it. Plus I see they ask for investments/savings information so feel a bit weird applying for it when I have a substantial sum in the bank

Del2005

https://www.boards.ie/discussion/comment/118399593#Comment_118399593

It'll be a bigger faff if when you go to retire it costs you part of your pension. Small inconvenience now for a stress free retirement, not that the State pension will be worth much soon.

Wanderer78

go for it op, you ve worked for it