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

Early retiree, dividend income and state pension

Daswerr · 2023-11-07 18:45:35

I'm under 40, and I'm thinking about retiring early, planning to live solely off dividend income from ETF investments. I expect an average annual income of around €15,000 per year, which means I'd pay about €600 in annual PRSI (Class S?). I know this won't count towards my future state pension benefit, but, if possible, I…

07-11-2023 7:45pm

#1

Daswerr

Registered Users Posts: 2 ✭

Join Date: November 2021

Posts:

I'm under 40, and I'm thinking about retiring early, planning to live solely off dividend income from ETF investments. I expect an average annual income of around €15,000 per year, which means I'd pay about €600 in annual PRSI (Class S?). I know this won't count towards my future state pension benefit, but, if possible, I want to make sure I'll qualify for the full contributory state pension benefit when I'm old enough.
So, my question is, can I choose to pay an extra €500 every year, bringing the total PRSI payments to €1,100? If yes, which PRSI class would this fall under?

0