UPDATE: The deadline for submission has been extended until April 5th 2025! So you have plenty of time to get your forms sent off! Got a question about claiming the UK State pension from Ireland? Leave it as a comment and I'll answer it!
Hi there. Just need to clarify: Is the deadline for the 16 voluntary contributions now 2025 or is it 31 July 2023 still? If latter, once you send completed form to HMRC before 31st July, does that mean you can definitely make the 16 contributions? Great video and nany thanks . 21:29
can you do a video on claiming a supplementary pension from HSE where you retire early aged 60 and as you are an A1 PRSI class will not receive a state pension until aged 66 thks DC
The problem I seem to have is getting the gateway account set up as it requires a uk postcode. Do I use a relative? Or is there a work around? Great video 👍
Main benefit to,claiming the uk pension is that it entitles your to free health care in Ireland once your receive your uk pension ( uk govt pays for it) . A video about this perk would be great
Wonderfully informative and thorough video. Even though I already had my CF83 form completed and sent off, it was still great to have lots of stuff confirmed and further explained. Thanks very much
Thanks very much for this video, it was very useful to me. I am English but I moved to Jersey in the Channel Islands, so I am in a similar situation to you, working away from the UK. Learning the difference between Class 2 and Class 3 NI and the big difference in the cost of each was very useful. And discovering the correct form to fill in was also very helpful. Well done!
Great content man, this is just amazing, your channel is like hitting a gold mine in our current state of uncertainty, which we are all facing in last few years in Ireland ❤️
Thank you so much for explaining it in such detail, there are a group of my friends who all worked together in london late 80s, we are all at different stages of application, but there is still much confusion, i think you have cleared it up, may have to watch again but thanks.
Unfortunately I think the state pension will be 'means tested' within the next 10 to 15 years and then done away with completely within the next 30 years.
Class 2 and Class 3, has anyone changed their class? According to the revenue site I have 7 years of contributions but am in class 3, I left the UK and went to Australia in 95, returned to Ireland and worked here since 97. If I fill the form in applying for class 2 should this work or do I need to phone them and change it?
Unfortunetely I can,t register on Gov gateway zs i don,t have the nessecary paperwork ie UK passport etc. Its impossible to get anyone on the phone so this info has been so useful. Thank you
Great video. Just have a couple of questions if you have a few minutes. Struggling to find the answers elsewhere. My Mam worked in the UK as a nurse for 4 years in the 1970's. She is 72 now. 1)If she was to buy back 16 years would they be deemed as class 2 or class 3? 2) Or...Is the maximum number of years she could buy back only be 10..i.e. up to when she turned 66? Thanks
Thanks so much for this helpful video Malone Financial! I have a question: I worked in the UK for 5 years and I have 5 years (2010 to 2014) of full contributions on my NI record. I then left the UK and worked in the USA for 3 years. Then I returned to Ireland, took a 8 month career break before taking up full time employment. Am I eligible for Class 2? Or does the gap between leaving UK and taking up employment in ireland disqualify me? Thanks again.
Hi Dan, Fantastic video. I have used the content of your video to apply for a UK pension which I never knew I would have been entitled to.. I worked in the UK for three years and paid 3 years full contributions. I logged onto the Gov.UK website, which shows the 3 years and the amount of NI I paid per year from 1989 to 1992. When I open the "Your UK NI Record" the summary on top says You have: 6 years of full contributions 6 years to contribute before 5 April 2029 33 years when you did not contribute enough Why are they saying I have 6 years of full contributions when I only paid 3 years. And my other question is . I returned to Ireland in 1992 and have been working full-time since I came back. When I applied to pay Class 2 Contributions, thanks to your advice, they rejected my application because they said "I did not meet part of the regulation that requires me: to be gainfully employed or self-employed outside of the United Kingdom." I don't understand this? I am working for an Irish Semistate and I stated this in the application.# Do they mean I should be working for a UK Co outside the UK. Confusing. Any advice would be greatly appreciated. Regards Eamon
Hi I need some help, I have applied for the uk pension, I worked in the uk for 8 years, I sent off the application form and applied for class 2 but they wrote back and assigned me as class 3 , I believe this to be wrong. How do I appeal the class that I have been assigned? I want to buy back years and need to get it done before April 25. Can you offer any advice?
Am I the only one who can't see the difference in definition for class 2 and 3? I have 3 consecutive years of contributions and lived there for 3 years but when I check the site I see the class 3 prices. How can I update to class 2?
You can only purchase years as far back as 06'. If all of these years have already been filled on your national insurance record then your only option is to buy one qualifying year at a time.
Great content thanks. I filled in that form CF83 and sent it off. One question for on my National Insurance record it says to buy a year cost about £824.00 per year is that class 3 will they see me a price for class 2
As a 50 year old with 12 years UK contributions. Paying for 10 years class 3 would cost approx £8000. Now I've listened to your pension advice and have heard you state that the pension system is broken. Therefore would this 8000 be better invested in the stock market over the next 20 years? You said there's no downsides but giving this cash away now for the chance of future income that if you died (like my parents) your contributions are worthless? If you invested you could use the money now and leave the investment to your next of kin. Another thing is I have friends that are retiring and because of their low income they've now moved into a housing association luxury apartment costing them 65eur per week all in. If they had UK pension entitlement it may have put them over the income threshold for this and they would be living in a hotel like others in their situation. All things to consider 🤷♂️
Some good points here! I'd first start by trying to purchase at Class 2 if that's an option (80% cheaper). But as was shown in the video, the value of this deal is incredible. In the grand scheme of things, I don't think an £8,000 investment in the stock market (assuming broad based index funds) would be as sound of an investment as purchasing an inflation-protected (sort of), Government-guaranteed (sort of) income stream for life. It's personal preference of course (especially in the context of estate planning), but from a pure investment returns perspective, I think it's a no-brainer. Especially when you look at the comparison to annuities which I discussed in the video!
Hi, I qualify for the UK pension but my main concern is paying class 3 to cover an extra 16 years., left in 2002. Back on Ireland was employed but not now, currently nearing retirement. age. Can I pay Class 2? Thank you.
Thanks a lot Malone Financial. I only found out about this yesterday. I worked and lived in uk and paid NI during all this time from September 2015 to September 2019, then moved to Ireland and worked here full time since, do you know how many years I can buy at the moment? Thanks so much
How do I fill out the tricky questions on the form such as UK address, when do I expect to return to the UK, how long will I be staying abroad etc? Also, it seems that I'd only qualify for Class 3 contributions which in a million years I couldn't afford to pay. Is there any method to convince them to put me into Class 2? I wasn't working before I left the UK and I didn't work when I returned home. Do you organise applications on behalf of people and if so how much is the charge, please and thank you. It's a great video.
Hi Gabrielle, I don't do applications on behalf of viewers - the video is just meant to serve as an information piece. Best port of call is to complete the application to the best of your ability and get it sent off to HMRC and see what they come back with
If you're drawing on a U.S pension from Ireland my assumption would be that that would fall under the 'foreign pensions' section of your tax return and would be liable to Irish tax as you withdraw.
Really great video, just moved back from the UK so thanks for sharing the valuable info. So just to clarify, before July '23 you can actually claim for 16 years even if you've only lived in the UK for say 6 of those years? You can buy back to 2006 even if you didn't live there at that point?
I wasn't able to source 100% confirmation from a credible source on this Liam. It may just be from the year your National Insurance record was started. However, for the avoidance of doubt, send off your enquiry letter to the HMRC and they will tell you how many years you can buy back!
Great video - if you meet the qualifications for class 2 contributions leaving the uk, what are the conditions upon return to ireland? Do you have to be employed immediately and still employed? Thankyou!!
There are no such conditions specified on the UK Gov website. My interpretation is that provided you're below State pension age and meet the conditions for Class 2 then you should qualify regardless of your current Irish employment status. Though if you have material that suggests otherwise do let me know!
Hi Dan, just wondering if you could do a video on Irish Prize bonds. Are they worth investing in? If doing so, what would be a reasonable amount of money needed to invest to better the odds of getting prize money. Are the odds infinitely greater than the lotto?
Great video. I can buy back 16 years i have 5 years already. Ill have 22 years. Paid for .im going to be 1 year short when i retire with my age .will they give me a full pension.
You're not the first person to have corrected me on this one! To be fair, even on the HMRC TH-cam channel and on sites like Investopedia, references are still made to "her" as opposed to "him".
You tell me how UK state pension works Thomas yes it paid National insurance it Funds state pension in Britain England London it set up in 1911 National insurance Act it tax on workers in Britain England London it Class 1 and Class 2 stamps. Appreciate your work. You transformation Thomas it Art Bezrukavenko he good real friend did get his green card Art Bezrukavenko yes. Did talk Adam Next stage injury Therapy yes he Dubliner Tom he super rich. Austria Vienna mixed economy. Italy Republic your nation Capitalist economy. Great video.
Well you'd only become eligible to make voluntary contributions once you've paid at least three years worth of National Insurance. So, under your strategy, you wouldn't be eligible to contribute until year 21. You'd only be able to go back a maximum of 6 years and then one year (each year) thereafter. So, depending on your starting age, this might not be the most efficient strategy!
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UPDATE: The deadline for submission has been extended until April 5th 2025! So you have plenty of time to get your forms sent off!
Got a question about claiming the UK State pension from Ireland? Leave it as a comment and I'll answer it!
Hi there. Just need to clarify: Is the deadline for the 16 voluntary contributions now 2025 or is it 31 July 2023 still? If latter, once you send completed form to HMRC before 31st July, does that mean you can definitely make the 16 contributions? Great video and nany thanks . 21:29
can you do a video on claiming a supplementary pension from HSE where you retire early aged 60 and as you are an A1 PRSI class will not receive a state pension until aged 66 thks DC
The problem I seem to have is getting the gateway account set up as it requires a uk postcode. Do I use a relative? Or is there a work around? Great video 👍
Main benefit to,claiming the uk pension is that it entitles your to free health care in Ireland once your receive your uk pension ( uk govt pays for it) . A video about this perk would be great
Wonderfully informative and thorough video. Even though I already had my CF83 form completed and sent off, it was still great to have lots of stuff confirmed and further explained. Thanks very much
Very glad to hear that Peter! Thanks for the kind words
Thanks very much for this video, it was very useful to me. I am English but I moved to Jersey in the Channel Islands, so I am in a similar situation to you, working away from the UK. Learning the difference between Class 2 and Class 3 NI and the big difference in the cost of each was very useful. And discovering the correct form to fill in was also very helpful. Well done!
Great content man, this is just amazing, your channel is like hitting a gold mine in our current state of uncertainty, which we are all facing in last few years in Ireland ❤️
Really appreciate this comment! Thanks so much
This could be one of the most useful videos I’ve seen for me! Excellent work!
Cheers Gary, glad to hear it!
Thank you so much for explaining it in such detail, there are a group of my friends who all worked together in london late 80s, we are all at different stages of application, but there is still much confusion, i think you have cleared it up, may have to watch again but thanks.
Great to hear Ricky! Let me know if you've any questions
This is amazing! I have 8 years of contributions and had no idea I could do this. Unreal! Owe you a pint! 😅
Amazing!
Hi, I also have 8 years of contributions. Did you do this, and was it difficult to organise. Please
@toffee1889 I sent away the forms and got a letter looking to confirm some dates but apparently I should be all good to avail of this.
Thank you@@ronanhunt88
I like how you've future proofed the thumbnail by drawing the borders how they will be 😉
Letter filled out for tomorrow's post. Thanks Dan
Nice one John, good going!
Unfortunately I think the state pension will be 'means tested' within the next 10 to 15 years and then done away with completely within the next 30 years.
My favourite Dub financial expert !
Fantastic, thank you. I sent off my letter today. 🤞that it'll all go smoothly. Great confirmation that it's a wonderful opportunity 👏
Great stuff Anne, well done!
Class 2 and Class 3, has anyone changed their class? According to the revenue site I have 7 years of contributions but am in class 3, I left the UK and went to Australia in 95, returned to Ireland and worked here since 97. If I fill the form in applying for class 2 should this work or do I need to phone them and change it?
Unfortunetely I can,t register on Gov gateway zs i don,t have the nessecary paperwork ie UK passport etc. Its impossible to get anyone on the phone so this info has been so useful. Thank you
U can use an international passport
Thanks again for making this, got it sorted.
Great video. Just have a couple of questions if you have a few minutes. Struggling to find the answers elsewhere.
My Mam worked in the UK as a nurse for 4 years in the 1970's. She is 72 now.
1)If she was to buy back 16 years would they be deemed as class 2 or class 3?
2) Or...Is the maximum number of years she could buy back only be 10..i.e. up to when she turned 66? Thanks
Thanks so much for this helpful video Malone Financial!
I have a question: I worked in the UK for 5 years and I have 5 years (2010 to 2014) of full contributions on my NI record.
I then left the UK and worked in the USA for 3 years. Then I returned to Ireland, took a 8 month career break before taking up full time employment.
Am I eligible for Class 2? Or does the gap between leaving UK and taking up employment in ireland disqualify me? Thanks again.
Should be eligible for Class 2! But send off the letter to HMRC ASAP and they'll tell you regardless
Hi Dan, Fantastic video. I have used the content of your video to apply for a UK pension which I never knew I would have been entitled to.. I worked in the UK for three years and paid 3 years full contributions. I logged onto the Gov.UK website, which shows the 3 years and the amount of NI I paid per year from 1989 to 1992. When I open the "Your UK NI Record" the summary on top says You have:
6 years of full contributions
6 years to contribute before 5 April 2029
33 years when you did not contribute enough
Why are they saying I have 6 years of full contributions when I only paid 3 years.
And my other question is .
I returned to Ireland in 1992 and have been working full-time since I came back.
When I applied to pay Class 2 Contributions, thanks to your advice, they rejected my application because they said
"I did not meet part of the regulation that requires me: to be gainfully employed or self-employed outside of the United Kingdom."
I don't understand this?
I am working for an Irish Semistate and I stated this in the application.#
Do they mean I should be working for a UK Co outside the UK.
Confusing.
Any advice would be greatly appreciated.
Regards
Eamon
Hi I need some help, I have applied for the uk pension, I worked in the uk for 8 years, I sent off the application form and applied for class 2 but they wrote back and assigned me as class 3 , I believe this to be wrong. How do I appeal the class that I have been assigned? I want to buy back years and need to get it done before April 25. Can you offer any advice?
Am I the only one who can't see the difference in definition for class 2 and 3? I have 3 consecutive years of contributions and lived there for 3 years but when I check the site I see the class 3 prices. How can I update to class 2?
I can,t find the link to the forms?
Question:what if the gap(s) in your NI contributions are way prior to 2006? Can you still buy some years?
You can only purchase years as far back as 06'. If all of these years have already been filled on your national insurance record then your only option is to buy one qualifying year at a time.
Link for CF83 form does not work
I believe there will be an increase of the UK state pension from April, think it will rise to £203.85 due to the triple lock
Indeed there is! There's a big 10%+ increase coming
Class video - cheers man!
Cheers Ross
Great content thanks. I filled in that form CF83 and sent it off. One question for on my National Insurance record it says to buy a year cost about £824.00 per year is that class 3 will they see me a price for class 2
That's Class 3, you'll need to apply for Class 2 via the form and that will come down
Great video. Thanks so much
Great content.
Cheers Andrew!
As a 50 year old with 12 years UK contributions. Paying for 10 years class 3 would cost approx £8000. Now I've listened to your pension advice and have heard you state that the pension system is broken. Therefore would this 8000 be better invested in the stock market over the next 20 years? You said there's no downsides but giving this cash away now for the chance of future income that if you died (like my parents) your contributions are worthless?
If you invested you could use the money now and leave the investment to your next of kin. Another thing is I have friends that are retiring and because of their low income they've now moved into a housing association luxury apartment costing them 65eur per week all in. If they had UK pension entitlement it may have put them over the income threshold for this and they would be living in a hotel like others in their situation. All things to consider 🤷♂️
Some good points here! I'd first start by trying to purchase at Class 2 if that's an option (80% cheaper). But as was shown in the video, the value of this deal is incredible. In the grand scheme of things, I don't think an £8,000 investment in the stock market (assuming broad based index funds) would be as sound of an investment as purchasing an inflation-protected (sort of), Government-guaranteed (sort of) income stream for life. It's personal preference of course (especially in the context of estate planning), but from a pure investment returns perspective, I think it's a no-brainer. Especially when you look at the comparison to annuities which I discussed in the video!
Hi, I qualify for the UK pension but my main concern is paying class 3 to cover an extra 16 years., left in 2002.
Back on Ireland was employed but not now, currently nearing retirement.
age. Can I pay Class 2? Thank you.
You should qualify for Class 2 by the sounds of it. Send off the form and select Class 2 and the HMRC will let you know if it's possible
@@malone_financial Thank you for the reply.
Great content Dan. Thanks so much for this… Eugene
No problem Eugene, thanks for watching!
Excellent video and thanks for all your hard work. Do you know, If I am paying class 3 to the Uk can I pay voluntary PRSI in Ireland? Thanks.
Thanks a lot Malone Financial. I only found out about this yesterday. I worked and lived in uk and paid NI during all this time from September 2015 to September 2019, then moved to Ireland and worked here full time since, do you know how many years I can buy at the moment? Thanks so much
Hey Joseph! As I said in the video, best bet is to send off the letter to HMRC ASAP and they'll let you know how many years you can buy
Hi Malone financial, I write to the HMRC 9 months ago and got a response today 😂, they said I’m entitled to buy 4 years
To do this, does it matter whether you are living in Ireland or UK?
How do I fill out the tricky questions on the form such as UK address, when do I expect to return to the UK, how long will I be staying abroad etc? Also, it seems that I'd only qualify for Class 3 contributions which in a million years I couldn't afford to pay. Is there any method to convince them to put me into Class 2? I wasn't working before I left the UK and I didn't work when I returned home. Do you organise applications on behalf of people and if so how much is the charge, please and thank you. It's a great video.
Hi Gabrielle, I don't do applications on behalf of viewers - the video is just meant to serve as an information piece. Best port of call is to complete the application to the best of your ability and get it sent off to HMRC and see what they come back with
Hi can you please link the form can’t see it in the comments
Do know about US pensions when returning back to ireland? Do the Irish Gov recognise the tax free elements of Roth? Thanks
If you're drawing on a U.S pension from Ireland my assumption would be that that would fall under the 'foreign pensions' section of your tax return and would be liable to Irish tax as you withdraw.
Would being on ESA immediately before leaving qualify?
Really great video, just moved back from the UK so thanks for sharing the valuable info. So just to clarify, before July '23 you can actually claim for 16 years even if you've only lived in the UK for say 6 of those years? You can buy back to 2006 even if you didn't live there at that point?
I wasn't able to source 100% confirmation from a credible source on this Liam. It may just be from the year your National Insurance record was started. However, for the avoidance of doubt, send off your enquiry letter to the HMRC and they will tell you how many years you can buy back!
@Malone Financial great thanks for the reply I'll do this and comment back when I get a reply from HMRC!
@@liamd2198Hey Liam, hope you're doing well. Did you get any reply/confirmation on this?
The CF form asks for a UK address. Presumably you leave this blank if overseas??
Great video - if you meet the qualifications for class 2 contributions leaving the uk, what are the conditions upon return to ireland? Do you have to be employed immediately and still employed? Thankyou!!
There are no such conditions specified on the UK Gov website. My interpretation is that provided you're below State pension age and meet the conditions for Class 2 then you should qualify regardless of your current Irish employment status. Though if you have material that suggests otherwise do let me know!
i thought i have to be working when i returned to ireland or i could not pay class 2 to top up my uk national insurance?
Hi Dan, just wondering if you could do a video on Irish Prize bonds. Are they worth investing in? If doing so, what would be a reasonable amount of money needed to invest to better the odds of getting prize money. Are the odds infinitely greater than the lotto?
Full video going up on the channel tomorrow about this (March 29th)!
Tried those myself . Put in a load of cash for maybe 2 years. Never won a penny. Buy gold instead
Great video!
Thank you!
Great video. I can buy back 16 years i have 5 years already. Ill have 22 years. Paid for .im going to be 1 year short when i retire with my age .will they give me a full pension.
where do i find the payment request number, is that sent to me after they process my request?
You'll get it sent to you yes
Great video, any chance of looking at tax implications on UK occupational pension , is irish tax return required?
If you receive income from a foreign pension when tax resident in Ireland it will be taxable
Whats the first thing i need to do to
Watch the video, all is explained
Deadline now extended august 2025.
His Majesty ;)
You're not the first person to have corrected me on this one! To be fair, even on the HMRC TH-cam channel and on sites like Investopedia, references are still made to "her" as opposed to "him".
You tell me how UK state pension works Thomas yes it paid National insurance it Funds state pension in Britain England London it set up in 1911 National insurance Act it tax on workers in Britain England London it Class 1 and Class 2 stamps. Appreciate your work. You transformation Thomas it Art Bezrukavenko he good real friend did get his green card Art Bezrukavenko yes. Did talk Adam Next stage injury Therapy yes he Dubliner Tom he super rich. Austria Vienna mixed economy. Italy Republic your nation Capitalist economy. Great video.
Work in the uk for a year every 7 years and pay the previous 6, 5 times for full pension? 😂
Well you'd only become eligible to make voluntary contributions once you've paid at least three years worth of National Insurance. So, under your strategy, you wouldn't be eligible to contribute until year 21. You'd only be able to go back a maximum of 6 years and then one year (each year) thereafter. So, depending on your starting age, this might not be the most efficient strategy!
Excellent content.