Family Income Supplement and Self Employment

curioussligo

Hi there,

Just wondering about the criteria for Family Income supplement. My Other half was made redundant last year and as a result of no jobs being available has now become self employed.

I'm just wondering how this is taken into account for the calculation of Family Income supplement? The application states that 12 months accounts for self employed be included, however he has only been trading less than six months?

Help!!

Thanks for the help!

mp22

If you are paid weekly or fortnightly, your weekly income is taken as your average weekly earnings over four weeks. If you are paid monthly, your weekly income is based on your average weekly earnings in a set two-month period. If your spouse, civil partner or cohabitant is self-employed, his or her income over the 12-month period before you lodge your claim is used to work out his or her average weekly income. However if it is more appropriate your average weekly income may be worked out on the basis of another period - for example your P60 may be used to calculate your average income from employment.


Or in your case 6 months of self employment

curioussligo

mp22 wrote: »

If you are paid weekly or fortnightly, your weekly income is taken as your average weekly earnings over four weeks. If you are paid monthly, your weekly income is based on your average weekly earnings in a set two-month period. If your spouse, civil partner or cohabitant is self-employed, his or her income over the 12-month period before you lodge your claim is used to work out his or her average weekly income. However if it is more appropriate your average weekly income may be worked out on the basis of another period - for example your P60 may be used to calculate your average income from employment.


Or in your case 6 months of self employment

Thanks for the response. I guess my concern about this is that the next six months will probably not be as good as the previous six months, so the income will be down. It hard to assess I know.....

eastbono

OP you need to look at the link I sent you with regard to qualifying for FIS and self-employment.

http://www.welfare.ie/en/Pages/3884_How-do-I-qualify.aspx

curioussligo

eastbono wrote: »

OP you need to look at the link I sent you with regard to qualifying for FIS and self-employment.

http://www.welfare.ie/en/Pages/3884_How-do-I-qualify.aspx

Thanks Eastbono,

There is a paye employment in the house, as well as a self employment, if thats what you mean?

eastbono

curioussligo wrote: »

Thanks Eastbono,

There is a paye employment in the house, as well as a self employment, if thats what you mean?

Yes it wasnt very clear in your post and just wanted you to be aware that there needed to be paye employment.

curioussligo

eastbono wrote: »

Yes it wasnt very clear in your post and just wanted you to be aware that there needed to be paye employment.

Thanks Eastbono,

The beauty of Boards.ie I guess, it that people are concerned enough to point out the little details.

Its tough, trying to figure out if we're better off applying for Family Income supplement or Jobseekers Allowance. The self employment is own very small at the moment, and will take a while to grow. He has back to work short term allowance at present but it finishes at the end of June, so just want to get prepared.

If anyone has any additional advice it'd be greatly appreciated!

eastbono

You can apply for both and the dept will let you know which is better for you financially as a family unit.

curioussligo

Hi there,

Does anybody know how BIK effects a Family Income Supplement? I get BIK for Medical Insurance on my payslip, but its added to make part of my Gross Pay, but then the very same amount is deducted as a Non Taxable adjustment. Does this payment count towards Income?

Thanks people

ferris98

Hi all,
Just wondering do you recieve back payment with F.I.S any help would be great

upinthesky

ferris98 wrote: »

Hi all,
Just wondering do you recieve back payment with F.I.S any help would be great

yes you do, but only from the date they received your application, not the date the person started working.

ferris98

Thanks Lisa