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State Pension Non Contributory

  • 14-01-2021 10:12pm
    #1
    Darrio
    Registered Users Posts: 56 ✭✭


    Hi All,

    Just a quick question, what happens if someone on the Non Contributory State Pension inherits money.

    Thanks in advance


Comments

  • #2
    SourSessions
    Registered Users, Registered Users 2 Posts: 1,300 ✭✭✭SourSessions


    It depends how much. You can have up to €20,000 in savings.

    After that, means are assessed as €1 per €1,000 for the next €10,000; €2 per €1,000 for the next €10,000 after that and €4 per €1,000 for any remaining.


  • #3
    Darrio
    Registered Users Posts: 56 ✭✭Darrio


    Many thanks for that SourSessions.

    A relative was recently put on the Widower's Contributory pension from the Non Contributory Pension. What is the situation with this pension regarding inheritance ??

    Thanks in Advance.


  • #4
    SourSessions
    Registered Users, Registered Users 2 Posts: 1,300 ✭✭✭SourSessions


    Contributory pensions are not means tested (but are taxable so there may or may not be a liability there)


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