I will shortly become a single mum to twins and it doesnt look like I will be able to go back to work for a while after my maternity leave as I cant get part time work and the fees for twins in creche are astronomical. The father will be paying maintenance. Am I right in assuming that if he pays for example €100 per week to me that approx €93 wont be taken into account when assessing my application for Lone Parent's Allowance as I am also trying to pay my mortgage too ie €100 maintenance - c.€93 mortgage payments = €7 divided by 2 = €3.50 is taken off my Lone Parent's Allowance?
Would I have to pay tax on the €100 maintenance or declare it to Revenue?
Would appreciate any advice?
Would I have to pay tax on the €100 maintenance or declare it to Revenue?
Would appreciate any advice?