One Parent Family and Means Test

M

marcro

Guest
When applying for OPFP allowance can somebody explain how a second property (house, not rented or generating any income) is assessed for means. Value of property approx. €100,000.
Thank you
 
The assessable value of property that you don't live in yourself is calculated as the Capital Value minus any outstanding mortgage on it.

Weekly means are then calculated from the assessable value as follows:

First 20,000 euro - disregarded
Next 10,000 euro - assessed at €1 per thousand
Next 10,000 euro - assessed at €2 per thousand
Balance - assessed at €4 per thousand.
 
I would like someone to explain a means test letter as follows :

This letter is dated 6th April 2011 , and it states that this means applies from 5th August 2010.
Q1. Will this means be backdated to 5th August 2010 ?

The total weekly means is €10.00 , so the means that applies is € 2.50.
Q2. Will the SW applicant have to pay € 2.50 back-dated to August 2010.

Note that SW applicant was on JSA until 30th March 2011 , and OPFP claim has only been successful now in April 2011.
Q3. How much should SW applicant expect to receive weekly on OPFP , taking the above means into account ?
 
allthedoyles said:
without opening a new thread , I would like someone to explain a means test letter as follows :

This letter is dated 6th April 2011 , and it states that this means applies from 5th August 2010.
Q1. Will this means be backdated to 5th August 2010 ?

The total weekly means is €10.00 , so the means that applies is € 2.50.
Q2. Will the SW applicant have to pay € 2.50 back-dated to August 2010.

Note that SW applicant was on JSA until 30th March 2011 , and OPFP claim has only been successful now in April 2011.
Q3. How much should SW applicant expect to receive weekly on OPFP , taking the above means into account ?
Click to expand...

You really should open a new thread for a new query.
 
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