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means test jsa

  • 26-02-2014 10:37pm
    #1
    help12345
    Closed Accounts Posts: 9 ✭


    just wondering if ur partner owned land , would u be means tested for that if u were on jsa if they lived together ?


Comments

  • #2
    mp22
    Moderators, Business & Finance Moderators, Regional South Moderators Posts: 6,854 Mod ✭✭✭✭mp22


    Yes is the answer


    Capital and property not personally used

    Capital includes property (not your home), savings and investments.
    If you own property (excluding your home) or you have investments or any other form of capital, the value is assessed, using a standard formula (see below) whether or not you are getting an income from the property or investment. If property is rented you will not be assessed on the actual income from the letting. Any outstanding mortgage registered against the property is deducted from the market value to find the capital value.
    The property and investments that may be assessed include savings in a bank account (or anywhere else), a house that you have let and stocks and shares. If you or your spouse, civil partner or cohabitant saves a portion of your social welfare payment each week, these savings as well as savings from most other sources will be taken into account as part of your means.
    The formula for assessing the value of capital including property (but not your own home), savings and investments is as follows:
    Capital Weekly means assessed First €20,000 Nil Next €10,000 €1 per €1,000 Next €10,000 €2 per €1,000 Balance (€40,000 +) €4 per €1,000 If you have a joint account with your spouse, civil partner or cohabitant, legally the total amount in the account is owned by each of you. Therefore it can be assessed in full against each of you. However, if you are both getting means-tested payments it will be assessed on a shared basis or against only one of you.


    From here http://www.citizensinformation.ie/en/social_welfare/irish_social_welfare_system/means_test_for_social_welfare_payments/means_test_for_jobseekers_allowance.html


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