How much is an old-age pension in Ireland?
The top rate of State pension is currently €253.30 for the personal rate. If you are responsible for a qualified adult under the age of 66 then you will also receive a payment of €168.70. This part of the payment is means tested. If you are responsible for a qualified adult over the age of 66 then you will receive an additional weekly payment of €227.
The State pension is often referred to as the old-aged pension. It is paid weekly and not means tested. This allows you to receive your state pension and also work on either a part-time or full-time basis. Receiving the State pension is based on your work in the past, not current employment.
The level of payment you receive is based on the number of PRSI payments you have recorded on your social insurance account. Your weekly payment is reduced if you do not have enough payments.
If you have an average of 48 payments-plus per year you will qualify for the full payment.
If you have an average of 40-47 payments then the weekly amount is reduced as per the table below. These reductions continue depending on the number of PRSI payments made.
|Average PRSI contributions per year
||Personal rate per week
||Increase for qualified adult under 66
||Increase for qualified adult over 66
|48 or over
I worked in the UK – can I get an Irish state pension after Brexit?
Yes, despite the UK leaving the European Union, the reciprocal agreements between Ireland and the UK remain in place, as they predate the European Union.
If you have spent a portion or all of your working life in the UK and aim to return to Ireland in retirement, your social insurance contributions in the UK will qualify you for the Irish State pension.
This also applies in reverse for UK citizens who have worked in Ireland. The PRSI payments made here will count as payment towards the UK State pension if they return to that jurisdiction.
I worked as a parent in the home for much of my life – will I qualify for the State pension?
Yes, since 1994, up to 20 years of your career spent working in the home as a parent or caregiver can be disregarded in order to calculate your average annual PRSI payments.
It includes anyone who has provided full time care for a child under 12 or an ill person with a disability aged 12 or over. Men and women are treated equally for the purposes of calculating the average number of payments.
It does benefit those who have a combination of working in and outside the home so it is useful to take advice on your specific situation from the Department of Social Welfare or Citizens Advice if you are unsure about how your combination of yours working will be treated.