Voluntary Social Security Contributions
Voluntary contributions allow you to remain insured once you leave the compulsory PRSI system. Voluntary Contributions are not compulsory but you may choose to pay them, provided you meet certain conditions. Voluntary contributions cover long-term benefits such as pension – so the year for which you pay a voluntary contribution will count as a qualifying year for pension purposes. However, the voluntary contributions do not cover short-term benefits such as illness, unemployment, maternity and treatment benefits.
For as little as €253 per annum for people who were previously self employed you will keep your entitlement to old age pension.
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