Taking over Farm

farmernewbie · 22-01-2014 10:11PM #1

Hi,

I took over small family farm last year. I am a paye tax worker and work away from farm. My mother looks after farm but is on the non-contrib pension.

I was wondering could I set her up as an employee? How much could she earn a week without it affecting her pension? Also would revenue have a problem with me doing this?

It would lower my profits and tax bill.

Thanks,
Pat

sawdoubters · 22-01-2014 10:19PM

she would lose her pension

http://www.citizensinformation.ie/en/social_welfare/social_welfare_payments/older_and_retired_people/state_pension_non_contributory.html

farmernewbie · 22-01-2014 10:28PM

sawdoubters wrote: »

she would lose her pension

http://www.citizensinformation.ie/en/social_welfare/social_welfare_payments/older_and_retired_people/state_pension_non_contributory.html

Hi can she not earn up to €30 a week?

Total means
Your means under the various headings are added together to see what level of pension, if any, you can get. If you are one half of a couple (married couple, civil partners or a cohabiting couple of the same or opposite sex) then your means are taken to be half of the total means of yourself and your spouse, civil partner or cohabitant. Note that you can have savings or assets of up to €20,000 and you can also have earnings of up to €200 per week from employment and still qualify for a full State Pension (Non-Contributory).

The first €30 per week of means as assessed by the Department of Social Protection does not affect the rate of pension. After that, the pension is reduced by €2.50 each week for every €2.50 of means.

If you are getting Farm Assist and the different means test that applies to the State Pension (Non-Contributory) results in you getting a lower level of payment, you keep your entitlement to the higher amount.

Taking over Farm

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