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Supplementary allowance, land value cwo

  • 11-10-2011 4:51pm
    #1
    Closed Accounts Posts: 330 ✭✭


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Comments

  • Closed Accounts Posts: 330 ✭✭ontour


    anybody?


  • Registered Users, Registered Users 2 Posts: 2,168 ✭✭✭Balagan


    You have to declare it. As you can see from the excerpt below, the first Euro 5,000 of capital value of property/savings is disregarded and a scale applied to the rest.

    Property & Capital (Effective from June 2007)

    Section 35 of Social Welfare & Pensions Act 2007 provides for an amendment in the manner that capital is assessed for the Supplementary Welfare Allowance Scheme. Property/Savings will be assessed on a weekly basis as follows:

    Disregard first 5,000 of capital value of property/savings [other than own home]

    Assess next 10,000 @ 1 per 1,000

    Assess next 25,000 @ 2 per 1,000

    Assess remaining capital over 40,000 @ 4 per 1,000.


    http://www.welfare.ie/EN/OperationalGuidelines/pages/swa_meansass.aspx


  • Closed Accounts Posts: 330 ✭✭ontour


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