STATE CONTRIBUTION PENSION SCHEME IN IRELAND

STATE CONTRIBUTION PENSION SCHEME IN IRELAND

Irish State Pension Contributory Due to the great interest in the subject of contributory old-age pensions in Ireland and the planned changes in the method of calculating (TCA - Total Contribution Approach), we inform that the following rules will apply from 2020: - minimum required amount of paid PRSI contributions = 520 - to get the maximum amount of the Irish State Pension Contiubutory - 248.30 EUR per week in 2019 - 40 years of contributions in Ireland will be required (paid and accredited contributions); for each year of paid + paid contributions in Ireland it will be 1/40 of the full rate For example - a person who in Ireland has 10 years of PRSI contributions and 3 years of credited contributions will be eligible for EUR 80.70 per week. For consultation please contact us at [email protected] Advisor Ireland www.doradca-irlandia.com