How much Social Welfare Pension to show on Form 11

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Wollie

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In previous years, my accountant completed Form 11 for me. My tax is now simpler, so I'm doing it myself this year.
I'm wondering how much to insert for Social Welfare pension. I was in receipt of the single person's amount for the full year.
For 2022, my accountants inserted €13,678. How much should I insert for 2023?
Also, last year's return showed a personal tax credit of 3400 and an age tax credit of 490. What are the corresponding figures for 2023 (over age 70)
 
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If the social welfare is taxable then you presumably put in the gross amount received?

Taxation of pensions

How different types of pensions are taxed in Ireland.
www.citizensinformation.ie www.citizensinformation.ie
If necessary you should be able to get this via myWelfare.

MyWelfare Homepage

MyWelfare is the online home of welfare services. It allows you easy online access to a range of services
services.mywelfare.ie services.mywelfare.ie

Payment Statement

<p>Request a statement of all payments received</p>
services.mywelfare.ie services.mywelfare.ie
If your tax affairs are simple then you may be able to check the calculations using a tax calculator like this:


Why are you self-assessed and having to do a self-assessed return? I'm guessing that you have other non-PAYE income that results in you being self-assessed?
 
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Thanks @ClubMan I'll look at the links you posted.
The quick answer to your last question is that my accountants filled in a Form 11 for me in previous years. I think I need to complete one anyway because I get dividends on some shares I hold.
 
Wollie said:
I think I need to complete one anyway because I get dividends on some shares I hold.
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More that €5K p.a.? That would cause you to become self-assessed. But any less and you should be able to just use myAccount and a "Form 12" style return. But if you are already self-assessed then you would first have to de-register from self-assessment.

Who should register for Income Tax self-assessment?

This page outlines who should register for Income Tax self-assessment
www.revenue.ie www.revenue.ie
 
@ClubMan. Thanks again. So it seems I just have to add up what I received from SW in 2023? I have a recollection of my accountants telling me that there was an agreed amount for the SW pension, which wasn't the same as was actually paid. I must have been wrong.
Yes, the dividends are more than €5k.
Also, it seems from the link you posted that the age allowance is unchanged from the previous year, at 490. There was no mention of it.
 
Wollie said:
So it seems I just have to add up what I received from SW in 2023?
Also, it seems from the link you posted that the age allowance is unchanged from the previous year, at 490. There was no mention of it.
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Or just login to mywelfare.ie (assuming that you're registered) and request a statement of same which should almost instantly appear in your mailbox.
Bear in mind that, in addition to 52 weeks' State pension in 2023 the generous Minister for Social Welfare gave us an bonus week's payment at Christmas as well as an extra €200 (cost of living) in April 2023.

The Age Tax Credit hasn't changed for years.
 
Thanks also to you, @Marsupial.
I did it the brute force way. I inserted the relevant dates on the website (1/1 to 31/12) and added up all the payments. For anyone else who's interested, they amounted to €14,260.90 (that's for one person). The corresponding amount for 2022, as per the return submitted by my accountants last year, was €13,678. That's a 4.3% increase, which seems about right.
Of course, it means more tax to pay!
Incidentally, there's also a "Household Benefits" payment, which I'm not going to insert. I hope that's correct.
 
Marsupial said:
Or just login to mywelfare.ie (assuming that you're registered) and request a statement of same which should almost instantly appear in your mailbox.
Click to expand...
Yes, that's what I originally suggested:
ClubMan said:
If the social welfare is taxable then you presumably put in the gross amount received?

Taxation of pensions

How different types of pensions are taxed in Ireland.
www.citizensinformation.ie www.citizensinformation.ie
If necessary you should be able to get this via myWelfare.

MyWelfare Homepage

MyWelfare is the online home of welfare services. It allows you easy online access to a range of services
services.mywelfare.ie services.mywelfare.ie

Payment Statement

<p>Request a statement of all payments received</p>
services.mywelfare.ie services.mywelfare.ie
Click to expand...
 
Wollie said:
For anyone else who's interested, they amounted to €14,260.90 (that's for one person).
Click to expand...
You seem to be claiming the age tax credit for a (married) couple? Do you not get any additional payment in respect of your spouse?

State Pension (Contributory)

The State Pension (Contributory), previously called the Old Age (Contributory) Pension, is payable to people aged 66 and over who have worked and paid enough social insurance contributions.
www.citizensinformation.ie www.citizensinformation.ie
 
ClubMan said:
You seem to be claiming the age tax credit for a (married) couple? Do you not get any additional payment in respect of your spouse?
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Unfortunately not. She was a non-working wife for almost all our entire married life - over 50 years at this stage!
 
Wollie said:
Unfortunately not. She was a non-working wife for almost all our entire married life - over 50 years at this stage!
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Did you ever ask if you're entitled to the increase for a qualified adult for her?

Increase for a Qualified Adult

To get an Increase for a Qualified Adult, you must give details about your dependant on the form when you apply for a social welfare payment. Your dependant must not have a welfare payment of their own.
www.gov.ie www.gov.ie
 
ClubMan said:
Did you ever ask if you're entitled to the increase for a qualified adult for her?
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I remember looking at the form once. All the questions about telling what she had in the bank, etc. made me feel like we'd have to beg, to prove that she didn't have too much set aside in her own name or in our joint names to qualify for the dependent's pension. I wasn't prepared to do that.
 
Wollie said:
I remember looking at the form once. All the questions about telling what she had in the bank, etc. made me feel like we'd have to beg, to prove that she didn't have too much set aside in her own name or in our joint names to qualify for the dependent's pension. I wasn't prepared to do that.
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It shouldn't be a case of begging. You're either entitled to it or not. If it was me I'd be making sure that I was receiving everything to which l was entitled.
 
It's a means-tested entitlement, not a straight entitlement. I've looked at the forms. We'd have to bare our souls, show them every bank account and credit union account we have, tell them about our investments. It could also mean having to ask my wife to transfer money from her personal savings, which she's squirreled away over the years, to my account or to a joint account. In the end, we'd probably "fail" the test (even though I can't see anywhere how much you have to have put aside to be ineligible for the supplement). We have means.
 
Wollie said:
It's a means-tested entitlement, not a straight entitlement. I've looked at the forms. We'd have to bare our souls, show them every bank account and credit union account we have, tell them about our investments. It could also mean having to ask my wife to transfer money from her personal savings, which she's squirreled away over the years, to my account or to a joint account.
Click to expand...

But presumably Revenue already know all that, so what's the problem?

That said, if you're almost certain that you'd not be eligible, then why bother.
 
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