Somerville
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My partner inreceipt of contrib oap and half carers for me, I am on disability allowance we are thinking of downsizing which could make a profit of 155 thousand, what will happen to our current bebefits?
Downsizing house
- Thread starter Somerville
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Contributory pension is PRSI linked and not means tested so would be unaffected:
www.citizensinformation.ie
I don't know what you mean by "half carers" - maybe you can clarify?
Do you mean this?
www.gov.ie
Disablity allowance is means tested so could be impacted by the €155k.
www.citizensinformation.ie
www.citizensinformation.ie
State Pension (Contributory)
The State Pension (Contributory), previously called the Old Age (Contributory) Pension, is payable to people aged 66 and over who have worked and paid enough social insurance contributions.
Do you mean this?
Long-Term Carers Contribution Periods
Learn how Long-Term Carers Contribution Periods can make it easier carers to qualify for the State Pension. Access the online application here.Contributory.
www.gov.ie
Disability Allowance
A weekly payment to people that have an injury, illness or disability which is expected to last more than a year. Find out how to qualify and rates of payment.
Means test
To qualify for a social assistance payment you must satisfy a means test. A means test examines all your sources of income. However, some income is not taken into account in the calculation of your means.
I assume by 'profit', you mean you will have 155k cash left after buying a new home?
Contributory pension is not means tested, so there is no impact.
For disability allowance, while it is means tested, 190,500 from the sale of your home is disregarded for the means test, if you are moving to a more suitable accommodation.
The half rate carer's allowance is means tested. The income allowance for this means test is increasing in June 2024.
Edit to add link:
www.citizensinformation.ie
Contributory pension is not means tested, so there is no impact.
For disability allowance, while it is means tested, 190,500 from the sale of your home is disregarded for the means test, if you are moving to a more suitable accommodation.
The half rate carer's allowance is means tested. The income allowance for this means test is increasing in June 2024.
Edit to add link:
Capital and social welfare payments
Capital for Irish social welfare purposes includes property, savings and investments. Find out how to assess income from capital for social welfare payments.
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