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Financial advisor?? Or who?

  • 05-11-2019 9:49pm
    #1
    jimmers23
    Registered Users, Registered Users 2 Posts: 73 ✭✭


    Hi there,
    We have a child with special needs who is requiring more care of late. I am considering taking leave from work to care for his needs. Considering tax credits/ allowances and enabling us to find out what money we would have to live on. Who would be best to talk to? Any financial advisor? Or a specific type?
    Many thanks


Comments

  • #2
    Waffleturd
    Registered Users, Registered Users 2 Posts: 54 ✭✭Waffleturd


    jimmers23 wrote: »
    Hi there,
    We have a child with special needs who is requiring more care of late. I am considering taking leave from work to care for his needs. Considering tax credits/ allowances and enabling us to find out what money we would have to live on. Who would be best to talk to? Any financial advisor? Or a specific type?
    Many thanks

    Honestly, contacting Revenue would be a good first port of call. From your description of your circumstances it sounds like you may be entitled to an Incapacitated Child Credit which is a 3300 tax credit per year upon submission of two forms signed off by your child's doctor (ICC1 and ICC2). That credit is dependent on the condition that your child would not be capable of maintaining themselves after the age of 18. If you're not working you may also be entitled to Home Carer's tax credit. Dependent Relative tax credit may also apply.

    But yeah , get in touch with Reveue and DEASP who can advise you as to your entitlements.


  • #3
    jimmers23
    Registered Users, Registered Users 2 Posts: 73 ✭✭jimmers23


    Waffleturd wrote: »
    Honestly, contacting Revenue would be a good first port of call. From your description of your circumstances it sounds like you may be entitled to an Incapacitated Child Credit which is a 3300 tax credit per year upon submission of two forms signed off by your child's doctor (ICC1 and ICC2). That credit is dependent on the condition that your child would not be capable of maintaining themselves after the age of 18. If you're not working you may also be entitled to Home Carer's tax credit. Dependent Relative tax credit may also apply.

    But yeah , get in touch with Reveue and DEASP who can advise you as to your entitlements.
    Thank you so much.. we have the incapacitated child tax credit. Hoping to have a rough idea of what we would have to live on if we were to go ahead. I will ring revenue and deasp tomorrow. Thanks for your helpful reply


  • #4
    Geuze
    Registered Users, Registered Users 2 Posts: 14,033 ✭✭✭✭Geuze


    jimmers23 wrote: »
    Hi there,
    We have a child with special needs who is requiring more care of late. I am considering taking leave from work to care for his needs. Considering tax credits/ allowances and enabling us to find out what money we would have to live on. Who would be best to talk to? Any financial advisor? Or a specific type?
    Many thanks

    Do the sums yourself, or ask Citizens Information office.


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