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Is Benefit in kind treated as income in FIS/working family payment?

  • 07-07-2019 7:40pm
    #1
    Registered Users, Registered Users 2 Posts: 9


    Hi, would anyone know if benefit in kind is treated as income in FIS/working family payment? I am getting a weekly payment and am wondering if getting a company car and paying bik on will decrease my payment
    Thanks


Comments

  • Registered Users, Registered Users 2 Posts: 4,113 ✭✭✭relax carry on


    mari1002 wrote: »
    Hi, would anyone know if benefit in kind is treated as income in FIS/working family payment? I am getting a weekly payment and am wondering if getting a company car and paying bik on will decrease my payment
    Thanks

    Probably better off in the State benefits forum.
    As BIK is just putting a monetary value on a benefit you are receiving from your employer rather than receiving the same amount in money from your employer, I'd assume it would be treated as income for FIS.


  • Registered Users, Registered Users 2 Posts: 958 ✭✭✭Stratvs


    Extract from Working Family Payment (formerly FIS) on Citizens Information :-

    The main items counted as income are:

    Your assessable earnings and your spouse, civil partner or cohabitant's assessable earnings. (Assessable earnings are gross pay minus tax, employee PRSI, Universal Social Charge and superannuation (including the Public Service Pension Levy and contributions to Personal Retirement Savings Accounts.) Income from working as a home help is included.



    As BIK is included in Gross Pay it will feature on payslips and other documentation required by DEASP and is therefore likely to be included.


    https://www.citizensinformation.ie/en/social_welfare/social_welfare_payments/social_welfare_payments_to_families_and_children/family_income_supplement.html#l1f4da


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