Phase 1 - Closed
UK State Pensions Abroad is an Official Overseas Agent of Her Majesties Revenue and Customs
We provide information and execution not pension advice
Apologies, since it is getting close to the HMRC deadline, we are not able to process any new applications in the current cycle, and will be taking applications for 2023/2024 later this year. Please leave your email address if you would like to apply for 2023/2024 and we will be in touch. Thank you.
Will this affect my rights to the Irish Contributory State Pension?
The Department of Social Protection have answered our specific enquiry on this topic “Your UK pension does not impact the personal rate of your Irish State pension”.
When you redeem extra years on your UK State Pension, you are making an AVC (Additional Voluntary Contribution) to your UK State Pension. Effectively, you are accessing (probably) the best value AVCs that exist. If your contributions are assessed as Class 2 by HMRC, the cost of all your contributions are paid back within 6 months on retirements, and you enjoy the benefits for your lifetime. Even if you are assessed as Class 3, the payback is just 2-3 years.
Your UK State Pension can allow you to double the value of your Irish Contributory State Pension!