Beware of the pension trap set by the State

A LOT of humorous questions are asked in that well known Beatles’ song ‘When I’m 64.’

But I wish to raise some serious questions about when I’m 65. Approximately 80,000 people become eligible each year to receive the retirement pension at 65. What many may not realise is that the qualifying conditions are very strict.

To qualify, one can work part-time, paying PRSI at Class J, and earn less than €38 per week or, for the self-employed , less than €3,174 per year.

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