Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
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.

UK state pension

13233353738

Comments

  • Registered Users, Registered Users 2 Posts: 78 ✭✭GreenTea777


    thanks everyone for help! I made the first payment :)



  • Registered Users, Registered Users 2 Posts: 78 ✭✭GreenTea777


    Hi,

    I’m just thinking about the next step. I’ve paid the state pension contributions up to 2025. I know I need to wait a few weeks, then call HMRC to allocate the payments. Is this correct?
    What about future payments? Do I need to complete the form again?



  • Registered Users, Registered Users 2 Posts: 737 ✭✭✭EarWig


    If you paid the contributions up to 2025, then the issue of which years your payment gets allocated to does not arise. I don't see the purpose of calling.



  • Registered Users, Registered Users 2 Posts: 78 ✭✭GreenTea777


    I skipped a few years and didn’t pay Class 3 NICs. I’d like to check with HMRC to ensure that any Class 2 payments I made were correctly allocated to the right tax years. I forgot to mention this in my previous message.

    Post edited by GreenTea777 on


  • Registered Users, Registered Users 2, Paid Member Posts: 16,819 ✭✭✭✭Goldengirl


    Yeah give em a ring in a few to ensure they have them correctly allocated.

    On the CF 83 form there is a section that you would/ should have filled for how you pay future voluntary contributions .

    Think it says about paying annually by cheque or transfer ..can't remember exactly.

    Ask them when on phone about it and get it sorted.

    They won't contact you till next April/ May about that next year's payment .

    I am paying a few bigger years I missed back with my annual vcs too . So just need to let them know if doing that and what year to allocate it .

    Help keep Boards going , subscribe or donate if you can.

    https://subscriptions.boards.ie/



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 78 ✭✭GreenTea777


    Thanks, I was thinking to send the letter with all details instead calling. I have no patience waiting on the phone :)



  • Registered Users, Registered Users 2, Paid Member Posts: 16,819 ✭✭✭✭Goldengirl


    I put it on speaker and carry on !

    Help keep Boards going , subscribe or donate if you can.

    https://subscriptions.boards.ie/



  • Registered Users, Registered Users 2 Posts: 78 ✭✭GreenTea777


    I work during their opening hours, but I will figure out! Thanks :)



  • Registered Users, Registered Users 2 Posts: 461 ✭✭Rock Steady Edy


    Looks like you can also top up your state pension here too as long as it's less than 5 years since your last PRSI contribution. Cost appears to be €500 / €650 depending on your circumstances, so somewhere between the NI Class 2&3 rates.



  • Registered Users, Registered Users 2 Posts: 91 ✭✭Widows Son


    How far back can you go?



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 461 ✭✭Rock Steady Edy


    Presumably 5 years



  • Registered Users, Registered Users 2 Posts: 750 ✭✭✭RCSATELLITES


    Just to mention that you need to have 520 contributions 10 years before you can pay voluntary contributions in Ireland, but you can include other eu contributions to make up this. I mentioned this last week, no one said anything so I presumed everybody knew they can pay voluntary contributions in Ireland.



  • Registered Users, Registered Users 2 Posts: 1,425 ✭✭✭Technique


    So if I’m using my UK years for the UK pension, I can’t use them again for the Irish pension?



  • Registered Users, Registered Users 2 Posts: 750 ✭✭✭RCSATELLITES


    If you are talking one or two years to get you over the 10 you might be able to sacrifice them. But if you are talking 10 years then you should definitely seek further professional advice. This is the link I was given by the prsi section on voluntary contribution information.

    There is also a form to apply which might give people further information on what is required.

    https://www.gov.ie/en/department-of-social-protection/publications/operational-guidelines-prsi-prsi-voluntary-contributions/



  • Registered Users, Registered Users 2 Posts: 78 ✭✭GreenTea777


    It is a pity you cannot pay back more than 5 years.



  • Registered Users, Registered Users 2 Posts: 750 ✭✭✭RCSATELLITES




  • Registered Users, Registered Users 2 Posts: 1,525 ✭✭✭Audioslaven


    How much are voluntary contributions in ireland?



  • Registered Users, Registered Users 2, Paid Member Posts: 7,976 ✭✭✭54and56


    I've a mixed bag of contributions in Ireland with some empty years (2003 to 2006) when I worked and lived full time in Asia.

    If I crack on until I'm 66 (which I'm planning to do) I'll have accumulated a total of 1,873 contributions made up of my pre and post Asia contributions leaving me 207 short of the 2,080 needed for full entitlement to the Contributory State Pension at retirement.

    I called DSP a few months ago and was told paying an additional 207 voluntary contributions wasn't an option and I'd (basically) just have to settle for having the 1,873 contributions at retirement and thus less than a full pension.

    Was the person I spoke to mis-informed or has something changed recently?



  • Registered Users, Registered Users 2 Posts: 950 ✭✭✭crinkley


    People need to be aware of the different pension schemes, what may apply to one may not apply to the TCA which will apply in full from 2035



  • Registered Users, Registered Users 2 Posts: 750 ✭✭✭RCSATELLITES


    It depends on what prsi contributions you had paid previously. Most people would have paid class A so it's the high rate see below.

    High Rate:

    Payable at 6.6% by those who last paid contributions at class A, E or H. Subject to a minimum annual payment of €500.

    Low Rate:

    Payable at 2.6% by those who last paid contributions at class B, C or D. Subject to a minimum annual payment of €250

    Special Rate:

    Payable at €650 annual payment for people who last paid PRSI at Class S.



  • Advertisement
  • Registered Users, Registered Users 2 Posts: 750 ✭✭✭RCSATELLITES


    So there are some criteria, the first being you need 520 contributions which you clearly have. Then you need to apply within 60 months (5 years) after the end of the contribution year during which you last paid compulsory insurance.

    So I take it, you can claim back as far as five years. You would have had to not be working for a certain period over the last five years in order to start paying voluntary contributions.

    Form what you have said it seems you are working and for the past 5 years?

    You might have been able to pay for the years in Asia, but you would have had to pay back then.

    If you think you don't qualify for the voluntary contributions I would definitely check the following.

    Have you checked mywelfare.ie for the digital print out of all your prsi contributions.

    Could it be possible you are missing contributions. Think back and make sure they are all correct.

    Could you have some credited contributions that you are forgetting, maybe you got a social welfare payment for a time between jobs.

    Also check the home makers scheme aswell for time away from work looking after children.

    Ireland has Bilateral social security agreements with Japan and South Korea did you work in either of those countries.



  • Registered Users, Registered Users 2, Paid Member Posts: 7,976 ✭✭✭54and56


    Thanks @RCSATELLITES I think my circumstances just fall between stools so to speak. I wasn't in Japan or South Korea and (thankfully) have never been in receipt of any form of social security payments or home maker type payments as I've always been either employed (pre Aisa and in Asia) and self employed (One man Ltd Co Director) back in Ireland since Asia.

    In addition to the years I was in Asia (2003 to 2006) which I have 0 paid contributions for I also have 0 paid contributions in 2011 as my business took a big hit like many businesses due to the financial crisis so I basically took no salary that year, tightened our belts and my wife and I lived off her salary for the year.

    Thankfully things improved and I have the full 52 Reckonable Contributions per year every year from 2012 to 2024.

    I don't plan to retire until I'm 66 so will keep adding 52 per year until Dec 2034 at which stage I'll have a total of 1,873 contributions or 90% of the 2,080 needed to qualify for a full pension.

    I'll still get the majority of the contributory pension so unless something changes in terms of buy back rules / policy I guess I'll just have to plan for and accept that.

    C'est la vie.



  • Registered Users, Registered Users 2, Paid Member Posts: 20,777 ✭✭✭✭Bass Reeves


    To buy back contributions it's only for within 5 years of the time you buy back. Even if you stopped working now you could sign on for credits if you had unearned income (investment or rental.income) to support you

    90% of the pension is approx 260 euro

    Slava Ukrainii



  • Registered Users, Registered Users 2 Posts: 826 ✭✭✭Lemsiper


    In case anyone found this claim to be dubious, I had my contributions confirmed today.



  • Registered Users, Registered Users 2 Posts: 8,161 ✭✭✭Fann Linn


    Don't me asking but did you have to ring them for the confirmation or did they inform you, and secondly have they been allocated to your selected years?

    And finally what number did you use if you rang them?



  • Registered Users, Registered Users 2 Posts: 826 ✭✭✭Lemsiper


    It was there online, sometime after I'd I called them to inform which gaps I'd like to fill. I paid using Revolut so it was instant.

    00441912037010 was the number I eventually got them on.



  • Registered Users, Registered Users 2 Posts: 868 ✭✭✭2lazytogetup


    i made the contriutions for class 2 on my record. Its showing as "Self-employment: 52 weeks" i am an employee in ireland. wonder if this is a mistake or how uk records class 2. maybe it makes no difference.



  • Registered Users, Registered Users 2, Paid Member Posts: 16,819 ✭✭✭✭Goldengirl


    I got that too . Wonder is it called / labelled this because we are paying ourselves rather than through an employer ?

    Help keep Boards going , subscribe or donate if you can.

    https://subscriptions.boards.ie/



  • Registered Users, Registered Users 2, Paid Member Posts: 5,683 ✭✭✭SCOOP 64


    I got the same so rang them, I was told not to worry whether is down as voluntary or same employed doesn't make any difference.



  • Advertisement
  • Registered Users, Registered Users 2, Paid Member Posts: 18,386 ✭✭✭✭fritzelly


    Was this for the back payment that they allowed or for the last 6 years?



Advertisement