Increase for qualified adult.

Discussion in 'Welfare and state benefits' started by Spencer, Jun 20, 2016.

  1. Spencer

    Spencer New Member

    Posts:
    2
    Would an early retired person aged 63 with a pension of approx. €13,250 p/a and savings of approx €47 k be entitled to any increase for qualified adult when his wife gets her state contributory pension which is due shortly.
    If the answer is yes any idea how much.
    I had a look at the DSP site but confused.
    Thanks
     
  2. Black Sheep

    Black Sheep Frequent Poster

    Posts:
    2,142
    It appears this person would have income barely above the cut off point.

    €13250 = €254 weekly
    €47K savings = €58 "
    Total income = €312 " Cut off point for dependent increase = €310

    Savings calculated as follows:-
    First €20,000 - disregarded
    Next €10,000 - @ €1 per €1,000 =€10 p.w
    Next €10,000 - @ €2 per €1,000 =€20 p.w
    Next €7,000 - @ €4 per €1,000 =€28 p.w
    _______ _____
    €47,000 =€58 p.w + Pension €254 p.w = €312
     
  3. Spencer

    Spencer New Member

    Posts:
    2
    Thank you for your reply.
    Very close to qualifying..
    One further piece of information.
    The couple have their savings in one account in his name...for handiness... Does this have any effect on the calculation..
    Thanks.
     
  4. Black Sheep

    Black Sheep Frequent Poster

    Posts:
    2,142
    In the above calculation I have assumed that wife is entitled to the full rate of pension and husband is dependent adult with savings.

    If the savings were wholly owned by the wife then the situation changes. Husbands sole income is €13250 or €254p.w. Therefore his entitlement to dependent rate would be €38.80 p.w up to age 66 and €52 p.w. thereafter

    Wife would also be entitled to Household Benefit (Electricity & TV Lic.)as husband is dependent.
    Fuel allowance may also be available subject to a seperate means test. (if wife has no or little other income or savings)
     
  5. Bedlam

    Bedlam Frequent Poster

    Posts:
    254
    Hi

    I know this is an old post, but is relevant to my query.

    Are savings for the purpose of the calculation of Qualified Adult (Contributory Pension) jointly assessed, regardless of whether the savings accounts are jointly held or in the name of one person?

    Thanks in advance

    Bedlam
     
  6. Black Sheep

    Black Sheep Frequent Poster

    Posts:
    2,142
    Savings for the purpose of the calculation of QA are jointly assessed if they are jointly owned. In that case half the savings are deemed as owned by the dependant (QA) and will be assessed.

    If savings are totally in the pensioner's name, then savings will not be assessed against the dependant (QA)