Ok, scenairo below presented to me;
Widow, living alone, was means tested for pension, qualifed for €30 per week approx. Widow has shares, most of which are significantly devalued. However, one holding is doing well and generates a small income.
Situation is that widow now has expenses which she needs to pay, she is thinking of disposing some of the valuable shares to generate cash. Doing this will also decrease her overall capital for assessment to the pension.
Bearing in mind that the disposal will give rise to a tax liability and the expenses will be paid from the cash straight away, does anyone know if there are certain criteria which prevent her from requesting a another assessment of means after the disposal?
I have heard that there maybe a 3 or 5 year time block between selling the investments and then being re-assessed, is this true?
Having worked all her life, I would like to ensure she gets what she is entitled to.
Thanks
Widow, living alone, was means tested for pension, qualifed for €30 per week approx. Widow has shares, most of which are significantly devalued. However, one holding is doing well and generates a small income.
Situation is that widow now has expenses which she needs to pay, she is thinking of disposing some of the valuable shares to generate cash. Doing this will also decrease her overall capital for assessment to the pension.
Bearing in mind that the disposal will give rise to a tax liability and the expenses will be paid from the cash straight away, does anyone know if there are certain criteria which prevent her from requesting a another assessment of means after the disposal?
I have heard that there maybe a 3 or 5 year time block between selling the investments and then being re-assessed, is this true?
Having worked all her life, I would like to ensure she gets what she is entitled to.
Thanks