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State Pension for Landlords and First Time Buyer Scheme

  • 15-06-2020 1:06pm
    #1
    maria.luis
    Registered Users 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: 25,479 ✭✭✭✭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 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?


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