Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Rent Allowance + SSIA?

  • 29-05-2009 8:48am
    #1
    redtom
    Closed Accounts Posts: 261 ✭✭


    Hi folks, made redundant from job last year, got a redundancy which is now running out. Currently in a FAS course and looking at Rent Allowance - would I be flat out refused for having an SSIA (which I had originally planned as going towards a deposit for a house)? If so, then I won't bother applying, but if you're allowed some level of savings, then I might go ahead and apply. I've no other source of income at the moment.


Comments

  • #2
    Xiney
    Registered Users, Registered Users 2 Posts: 8,085 ✭✭✭Xiney


    You are allowed to have savings, but they will be taken into account as means if over a certain amount.
    The capital value of property (except your own home), investments and savings will be assessed on a weekly basis as follows:
    First €5,000 is not taken into account
    Next €10,000 is assessed at €1 per €1,000
    Next €25,000 is assessed at €2 per €1,000
    Any capital over €40,000 is assessed at €4 per €1,000.

    From CitizensInformation.ie


Advertisement