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Invalidity pension for self employed

Invalidity pension for self employed

Invalidity pension for self employed

From 1st December 2017, the invalidity pension has been extended to self employed persons.

Invalidity Pension is a weekly payment to people who cannot work because of a long-term illness or disability and are covered by social insurance (PRSI). At 66, you transfer automatically to the State Pension (Contributory) at the full rate.

Invalidity Pension is taxable. You are entitled to a Free Travel Pass. You may also get extra social welfare benefits, for example, the Household Benefits Package.

For all claims received on or after 01/12/2017, the claimant must have:
1) 260 paid PRSI contributions (Class A, E, H or S) since entering social insurance
AND
2) 48 contributions paid or credited (Class A, E, H or S) in the last OR second last complete contribution year before the date of claim

The last complete contribution year is the year before the date of claim. For example, if a claim is made for Invalidity Pension in December 2017, the last complete contribution year is 2016 and the second last complete contribution year is 2015.

Any queries with regards to the above give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie

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