The State pension currently pays €248.30 per week, or around €12,900 per year (from March 2019).

It is paid to people from the age of 66.  The age at which it’s paid is moving up: it’ll be paid from age 67 if you were born between 1955 and 1960, and from age 68 if you were born after 1960.

The State pension – or State pension (contributory) to give it its official title – is paid in full to people who have sufficient PRSI contributions.  If you have some contributions but not the full requirement, a portion of the pension can still be due to you.

Further information on qualifying for the State pension is available on the Department of Employment and Social Protection website.

By investing €400 a month you could save €27,900 in 5 years

Using our "Picture your money" tool, you can find out how your money could work for you.

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Note: This is an initial indication to help you picture your money. Remember that with investments it is not possible to know for certain what returns you will achieve. Please note the investment warnings at the bottom of the page. This is the approximate before-tax return on an investment which grew at 6% over 5 years.


Should you be doing more with your money? Our free ebook guides you through your investment options and shows you how to avoid the investing pitfalls that could derail your finances.



How to get started investing in Ireland