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Do I need to bring details of rental income to means test interview?

  • 06-07-2013 4:06pm
    #1
    lola doll
    Registered Users, Registered Users 2 Posts: 5 ✭


    I am currently applying for Job Seekers Allowence. I have a means test interview with a social welfare officer next week. I own a house that is in negative equity that is rented out. I do not live in the house and the rental income does not fully cover the mortgage.

    I was asked to bring details of my rental income to the interview when I dropped back my forms. I asked the woman in the social welfare office why would this information be required when the house would be assessed on its capital value and rental income is not means tested. She said he would need to see this information anyway.

    Why would I need to provide this information if it is listed on the social welfare site as not being a requirement of the means test? Would it be ok to not bring it to the interview if it has been asked for? I think it's fair to provide all the required information to see if Im entitled to receive anything but I don't feel comfortable about revealing personal information beyond what's required.

    If anyone has gone through a similar situation Id greatly appreciate any advice. Thank you.


Comments

  • #2
    mickdw
    Registered Users, Registered Users 2 Posts: 23,688 ✭✭✭✭mickdw


    If your rental income is greater than the mortgage interest amount, I figure the amount in excess of the mortgage interest would be regarded as income?
    If you say the rules say that this is exempt income, well fair enough but I don't know why that would be the case apart from low level rent a room stuff.


  • #3
    snubbleste
    Banned (with Prison Access) Posts: 31,117 ✭✭✭✭snubbleste


    You own a property that you have rented out and you've been told that rental income is not assessed :confused:

    SW don't care about the mortgage, they care about your assets and income.


  • #4
    mp22
    Moderators, Business & Finance Moderators, Regional South Moderators Posts: 6,854 Mod ✭✭✭✭mp22


    Capital (savings and investments) and the value of property owned but not personally used or enjoyed are assessed as means.
    Where capital or property is assessed on this basis, any income received from its use (e.g. interest on savings, dividends from shares, rent from property let) is not assessed as cash income.


    From here http://www.welfare.ie/en/Pages/Means-Assessment.aspx#sect1


  • #5
    snubbleste
    Banned (with Prison Access) Posts: 31,117 ✭✭✭✭snubbleste


    That is a very strange anomaly mp22..is it not?


  • #6
    mp22
    Moderators, Business & Finance Moderators, Regional South Moderators Posts: 6,854 Mod ✭✭✭✭mp22


    snubbleste wrote: »
    That is a very strange anomaly mp22..is it not?
    They must reckon that the assets will give a fairer test than the income from it.

    Anyway thats the way the system works, not a lot we can do about it.


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