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Actually, I presume VHI is a valid deductible from cash assets? And presume we can claim 20% on the 80k?

You're not missing anything @Des Pondent all makes sense I was ignoring the reducing savings. It certainly makes sense to do the fair deal if you in any way have reason to believe that there could be a few years of it. Even with significant savings. Even better if you spent all your money and...

@Des Pondent what do you mean by we might qualify for State support in next year or 2? I'm going on basis that, yes, unavoidably, we're paying over €80k a year because of the financial assessment, but after year 3 that will drop to about €35k because the house will no longer be assessed.

Hi all. I set up this separate thread to a previous one, as it relates specifically to the financial assessment of Fair Deal. We have had the "financial assessment" completed by the HSE. We have been told that we now have to wait for "funding to be allocated". The letter notes that "should...

Can askaboutmoney get some media attention on this? It's very newsworthy.

@Freelance I was given some method when I opened the 3% account, can't find my own account opening page but found this online which I think is the same (someone else can work out an example though!): Fixed Term Deposits. The early withdrawal charge is (1% x Amount withdrawn x Remaining term) ÷...

Thanks @Des Pondent . and @thedaddyman In relation to the house proportion, if the nursing home resident is not capable of signing things, I just do a transfer from their account as I have access, or would the bank query a large outflow like this, or does fact that it is HSE make things sufficient.

To add to my previous question, like @Des Pondent I have no POA, but have access to accounts with family agreement. I am waiting for the financial assessment to be completed, and I am wondering how does the HSE get its money from the bank account if I have no POA? (i.e. the 7.5% of the house...

It's very annoying. I emailed them to ask them what harm it was in letting it continue, and just got told that it was better to log in and see all your products in one page. No, it was easier just to use the tracker thanks very much!

If you originally could not get a medical card due to too high an income, and now the HSE takes 80%, can the lower income as a result then entitle you to a medical card, or are you still deemed to be on the higher income for eligibility purposes?

Thanks Des Pondent, that's pretty much where I am exactly.

Thanks again!

How do the HSE take the 7.5% of your house (for 3 years), and cash (on-going) and 80% of pension? I am applying for Fair Deal at moment, and my parent has already gone into a home (we are privately paying out of their bank account) while we do the Fair Deal application. I have access to the...

Thus appears to be a rather newsworthy story. It's a pity someone like Charlie Weston etc wouldn't give it some news coverage. If Revenue are wrong on this they need to come clean.

How does a refund situation occur thedaddyman? @thedaddyman

Thanks Des, appreciate those thoughts.

Quick one - am I correct in saying that if you don't avail of the nursing home loan (that is available to avoid paying 22.5% of the house over 3 years), as you can manage the 7.5% per year out of current cash assets, are you better off doing so? House €700k Cash €200k. €52,500 taken as 7.5%...

Thanks both!

Am wading through the initial stages of the Fair Deal Scheme to prepare for potential eventuality. Form requires "pension claim number" - all I can find is the Public Services Card. Any ideas where I can find this? Thanks.

Same issue for me. Surprised a journalist hasn't picked up on this. If we can't trust Revenue to calculate according to their own rules ... And if they now know they messed up, why no proactive assessment of all cases where EU deposit interest was notified?