The Pre-Retirement Allowance (PRETA) is for people in Ireland aged 55 and over who have left the labour force. It is means-tested and you no longer have to sign-on as you do not need to be available for work.
Since 4 July 2007, no new applications for Pre-Retirement Allowance are accepted. However, if you were getting Pre-Retirement Allowance before 4 July 2007 you are not affected and can continue to get it.
In order to qualify, you must:
(a) Be aged between 55 and 66
(b) Be retired from the workforce
(e) Pass a means test
(The means test is similar to the means test for Jobseeker's Allowance).
You cannot work and get PRETA.
However, there are exceptions, if you are getting PRETA for 12 months or longer you are eligible for either the Back to Work Allowance or Back to Work Enterprise Allowance scheme. Smallholders (farmers) may earn money from their holding and get PRETA, provided they pass the means test.
You do not have to sign on if you are getting PRETA.
Since 4 July 2007, no new applications for Pre-Retirement Allowance are accepted. The Social Welfare Reform and Pensions Act 2006 abolishes the Pre-Retirement Allowance but existing recipients are not affected and may continue to get it.
If you have a question relating to this topic you can contact the Citizens Information Phone Service on 0761 07 4000 (Monday to Friday, 9am to 8pm) or you can visit your local Citizens Information Centre.