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Social welfare means test

  • 18-05-2020 11:10am
    #1
    Woodnut06
    Registered Users Posts: 4 ✭


    Hi all,

    I know that all property apart from private residence must be declared at market value when applying for many social welfare benefits.
    My question is, must an increase in value in that property, be it a second house or stocks and shares be notified to social welfare?
    I am aware of a case where Social welfare are claiming that there was substantial over-payment of Non contrib. pension to a now deceased man and are demanding repayment of this amount from his estate.
    The man declared the market value of shares when he applied for the pension, but in subsequent years the value of those shares increased, but the increased value was not declared.
    The stock market is by its nature is volatile, so must each rise and fall in share value be notified?
    Would be interested in any views on this.
    Post edited by Spear on


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