State pension means test

[AnnDownes]

My grandfather receives a state pension (non-contributory). His home is also where he ran the family business until he retired i.e. part of the house has commerical property potential. When he was originally means tested for his pension the shop was no longer in operation. Recently his nephew has reopened the shop. My grandfather does not receive any rental income. Are there implications for him in terms of losing his pension? Thanks.

 

[ClubMan]

Difficult to say I think but he may need to notify SW of this change in circumstances.

 

[Welfarite]

property that is not assessed as one's own home is assessed by its capital value, not its rental income potential. Therefore, if the shop ws assessed as valued at, say €50,000, that figure would be treated as if it was capital for Sw purposes. You will need to notify SW and ask them to review the pension to keep everything in order.