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If you cant afford to buy without 204 euro per week JA then you cant handle any rate increases on your mortgage...Therefore you cant aford to buy...
How would you cope if/when mortgage rates go back up by at least another 3% to the rate they were in July 08?
You will find it difficult to have a mortgage in one name and deeds in two, works the other way around alright but not so well that way, doubt if very many banks would agree to that.
Do you know the cut off amount for a JA when means tested against a partners salary. Have looked on a website but find it quite hard to work out. I know you take your partners weekly gross minus expenses then minus €60 and then take 60%. This will give you a figure but how do you then know if this figure is too much??
What do I compare it too?
I just don't understand how it can be fine to take into account a partners income for SW and not be entitled on the other side to the tax credits. Baffling!!
I just don't understand how it can be fine to take into account a partners income for SW and not be entitled on the other side to the tax credits. Baffling!!
You subtract the means amount from the JA which would be paid for your family size if there were no means assessed.
The full JA rate for a couple is €339.90 and there is an additional €26 for each child.
Constitutionally they have to take the partner's income into consideration for social welfare purposes. This was decided by the Supreme Court (Hyland v Minister for Social Welfare) on the basis that treating unmarried cohabitees as if they were single, for social welfare purposes, would put them in a better position than married couples which is prohibited under Article 41.3.
The tax credits policy is also derived from a Supreme Court ruling (Murphy v AG) which found that married couples could not receive less favourable treatment than unmarried couples. I'm not entirely clear on why that means cohabitees couldn't avail of the same tax credits, but anyway that's the basis of the government's explanation of this anomaly.
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