That's interesting, where did you read that ?I have done some reading and it looks like she can keep an Amount equivalent to 20% of the state pension.
That's very clear, there is a minimum amount so, as you say around €50 weekly.You keep 20% of your income or of the maximum rate of the non contributory pension, whichever is greater.
Can people in the fair deal scheme access their savings to pay things like health insurance or whatever expenses wouldn’t be covered out if that “pocket money”?
Fair deal will factor in assets as well as savings and could class those as income.
Shes in remarkably good health in medical terms and and very much of sound mind as well so please god she will live a good while longer. Unfortunately two nasty falls in the past 12 months have taken their toll on mobilityBe careful how you approach the fair deal application if you decide to go this route. Fair deal will factor in assets as well as savings and could class those as income.
Not advising you to do this but I've heard some people put an extremely low valuation on the property when applying for fair deal.
Do the sums carefully. It may end up cheaper paying for the care by selling her home or using her savings to pay for care.
I believe the average stay in a nursing home is three years.
Hi twofor1, if I recall correctly from my own experience, if the person has a home fairdeal will treat it as if that home could produce rent even if it is empty. The terms may have changed since my time though.I don’t think an asset can be classed as income.
Assets are assessed at 7.5%, income is assessed at 80%
A house is an asset and assessed at 7.5%, if you rented that house and made a profit of €5K a year, that €5K is income and would also be assessed at 80%.
Hi Laughahalla, I have personally made or been closely involved in several Fair Deal applications, from when Fair Deal first started in I think 2009 until the most recent application I made being in 2017. Most involved unoccupied family homes.Hi twofor1, if I recall correctly from my own experience, if the person has a home fairdeal will treat it as if that home could produce rent even if it is empty. The terms may have changed since my time though.
Very true, in my immediate family there are 2 perfectably habitable family homes vacant for years for this reason, I am aware of a few others.It's not terribly logical as it gives an incentive to leave property vacant.
Think my wires were crossed earlier. My brain was thinking in pre fair deal financial assessment for subvention.Hi Laughahalla, I have personally made or been closely involved in several Fair Deal applications, from when Fair Deal first started in I think 2009 until the most recent application I made being in 2017. Most involved unoccupied family homes.
In none of these applications was potential rental income from unoccupied family homes assessed as income.
That has been my experience.
Thanks for that Sue Ellen, that's very helpful.
Do you or any other poster know if the cost of private health insurance is an Allowable Expense against Income for calculation purposes?
Thanks in advance.
There is no mention of health insurance under ‘’Deductions’’ here;Do you or any other poster know if the cost of private health insurance is an Allowable Expense against Income for calculation purposes?
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