Invalidity Pension Extended to the Self-Employed

By Geoffrey Foster, FCCA, CPA
Tuesday, 28th November 2017
Filed under:

Invalidity Pension Extended to the Self-Employed

Invalidity Pension will be extended to the Self-Employed from December 1st

Invalidity Pension is a pension payment for people who cannot work because of a long-term illness or disability.  From 1st December 2017, the Invalidity Pension scheme will be extended to self-employed workers for the first time.  It means that people who work for themselves and pay PRSI at Class S will, from 1st December, have the option of applying for Invalidity Pension on a similar basis to those who are employees.

To qualify, a claimant must satisfy both social insurance (PRSI) and medical conditions.

For all claims received on or after 01/12/2017, the claimant must have:

  • 260 paid PRSI contributions (Class A, E, H or S) since entering social insurance

AND

  • 48 contributions paid (Class A, E, H or S) or credited in the last OR second last complete contribution year before the date of claim

For all claims received prior to 01/12/2017, the claimant must have:

  • 260 paid PRSI contributions (Class A, E or H) since entering social insurance

AND

  • 48 contributions paid (Class A, E or H) or credited in the last complete contribution year before the date of claim

A claimant must be regarded as permanently incapable of work, which is defined as:

incapacity for work of such a nature that the likelihood is that the claimant will be incapable of work for life

OR

an incapacity which has existed for 12 months prior to the date of claim, and where the Deciding Officer or an Appeals Officer is satisfied that the claimant is likely to be unable to work for at least a further 12 months.

Speak to Geoffrey if you have any queries on 049 437 1211 or email geoff@amatino.ie