If you worked in the UK during your career, you may have a State Pension entitlement or an Occupational Pension Scheme there to claim from. Under a limited extension scheme that RTAI became aware of recently, workers with a UK state pension entitlement can purchase significant additional pension benefits for a limited time only.
Workers, including teachers, who were employed in the UK for at least three consecutive years paying national insurance contributions, and who have gaps in their contributions between 2006 to 2016, can currently buy additional years for their UK pension plus any missing contributions for the previous six years.
A deadline of April 5th, 2025 has now been set for making these voluntary contributions to make up service between 2006 and 2016. After that date, only contributions to cover the previous six years can be made.
Teachers who can meet the minimum of 10 years national insurance contributions would be eligible for a UK state pension. Those who can continue to make voluntary contributions to the UK scheme, before the scheme retirement date, could claim both an Irish and a UK State pension.
Further information is available by clicking on
https://www.gov.uk/voluntary-national-insurance-contributions
Additional information on eligibility, cost and procedures can be accessed by clicking on this link
https://mwm.ie/uk-state-pension-entitlement-guide/
Please note the RTAI is not licensed to give financial advice. All pension information provided should not be considered a substitute for professional financial advice. Your own tax/financial adviser should be consulted for advice on Pension, Lump Sum on retirement or any post-retirement investments/arrangements.
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