Neither of us worked here long enough to get enough stamps for the full pension so we were jointly assessed as being entitled to the non-contributory pension, €165pw for both of us (not each)How can you get a non contributory pension ? Do you mean contributory? Or maybe wife gets disability?
She would get half the 2 uk pensions, not sure but think she would possibly get an Irish Widow's pension?On your death what would be your wife’s income?
Yes this has crossed my mind, we've done this in the past & paid of the previous loan in 3 yrs instead of 5Why not use the 150 a month to over pay expensive car loan?
We've looked into this & she was refused anythingIs your wove entitled to some state allowance for a car suitable to disabilities
Yes, I understand that as I'm going to have in excess of €20,000 I will lose the non contributoryIf you come into money you may lose the non contributory pension as it is means tested.
no, I'm selling her property after her death & when everything is paid (HSE Fair Deal scheme; Solicitor & Auctioneer) I will be left with €160kIs your mother gifting you the €160k? It’s below the relevant CAT threshold but it will eat into your lifetime allowance.
good to hear that!I don’t see how the €160k would have any impact on your wife’s entitlement to an MC - it’s not her money.
We had run a business for 7 years, ceased trading in 2012, when we informed the SW they sent a man to the house in 2012/2013 & he went through all our finances, said we would be jointly assessed from then onwardsI’m not sure about the non-contributory pension - I’ve never heard of a jointly assessed pension.
That's what we were thinking, we're currently getting €660pm in SW which (as said previously) we will most likely lose, so if we pay off the CU car loan we won't be making the €550pm payment so we're only €110pm down, hope that makes sense?It definitely makes sense to pay off the car loans.
No, it's currently got a BER rating of C2 & it wouldn't really be financially cost effective, we did look into itBeyond that? Is there any room to make your home more comfortable/energy efficient?
What was the calculations in that assessment? If your financial circumstances have changed then the assessment needs to be done again. You should go into citizens advice with full details and see what they say. It’s free confidential advice.We had run a business for 7 years, ceased trading in 2012, when we informed the SW they sent a man to the house in 2012/2013 & he went through all our finances, said we would be jointly assessed from then onwards
The non contributory pension payment still makes no sense to me. Is it by any chance a contributory pension based on you working in Ireland and calculation reduced to the amount that qualifies you to part of the state contributory pension.
State NC is 266+spouse of 175= 441or €1911 monthly, and your already on €2K monthly?
Put the €160K into a good savings account. I see BofI does 3% so you’d get €4800 with no DIRT tax. 160-25 = 135 is about 4k.
But clarify on state pension is badly needed as this affects decisions due to means testing.
How much is the CU interest annually?
our general circumstances haven't changed much over the years but I will go into the CAB & see what advice they can give us, thanksWhat was the calculations in that assessment? If your financial circumstances have changed then the assessment needs to be done again. You should go into citizens advice with full details and see what they say. It’s free confidential advice.
Pension information
I get 2 x UK Pensions = circa €2,000pm
I get 1 x Irish Non-Contributory pension approx. €660pm
Yes, clearly I got that wrong!Do you means MABs? I said citizens advice, I went in there myself and they were very helpful and knowledgable
Surely with an income of €2,000 per month, you should not be getting any non-contributory pension?
I've found the relevant paperwork, we had a SW inspector call to the house twice 4 years apart, 2012 & 2016. The €660pm is actually my wife's unemployment payment as she's not worked from 2012Surely with an income of €2,000 per month, you should not be getting any non-contributory pension?
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