What pension is your wife on?
Thanks gipimann,Savings are assessed as follows:
First €20000 disregarded
Next €10000 assessed at €1 per €1000
Next €10000 assessed at €2 per €1000
Remainder assessed at €4 per €1000
If savings are held jointly, then half of the total is deemed to belong to each party.
Increase in pension for a Qualified Adult
This is payable in resect of a spouse who is being financially maintained and whose income is not greater than a specified limit (currently €300.00 *See not below). Spouse is defined as a husband, wife, or partner - this includes a husband or wife divorced by the pensioner.
* Note:
Where the spouse's income is not more than €100.00 a week, the full relevant rate of qualified adult increase is payable. Where the spouse's income is more than €100.00 a week but not more than €300.00 a week, reduced rates of qualified adult increase are payable.
If the pensioner has children living with him/her and is single, widowed or separated, s/he may qualify for qualified adult increase for a person who is caring for the child/ren provided that person is living with and being supported by the pensioner.
The qualified adult rate is increased when the qualified adult reaches age 66.
An increase is payable in respect of one qualified adult only.
See 'Dependants - Increase for Qualified Adult' guideline for more general information.
If you look at the main page for State Pension Contributory, it clearly states that savings are assessed when determining entitlement to an increase for a Qualified Adult.
State Pension Contributory is not means-tested in respect of the applicant only.
Adult dependant
You can get an increase in your payment for a qualified adult. Any income your adult dependant has from employment, self-employment, savings, investments and capital (for example, any property except your own home) will be taken into account.
http://www.welfare.ie/EN/Schemes/Pension/Pages/spc.aspx
"Yes, that seems to be right, although I was told different by someone in the Department. But I would take the guideline's word for it, as individual welfare employees do get it wrong sometimes."
If you do the calculation as per Gipiman's chart you will see that in the SW terms E57,000 in savings is = to approximately income of E100 per week which is the maximum weekly income allowable to a Dependant Adult before any reduction in that payment occurs.
BTW I don't usually rely on what I'm told. I prefer to read the regulations, but then perhaps I'm just a sceptic
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