Plenty of farmers have more than that and qualify. Hardly having a laugh.Hardly....!...a subsidy for a person with assets of 1.5million - you must be having a laugh...
It depends on the proportion of PPR to cash. The assessment on the PPR is for 3 years only. How much is cash and shares, and how much is PPR? Is the spouse alive and living in the PPR?Is it worth applying for the HSE Fair Deal Scheme if the person in question has assets in excess of €1.5 million (house, shares and cash)?
It depends I guess.Is it worth applying for the HSE Fair Deal Scheme if the person in question has assets in excess of €1.5 million (house, shares and cash)?
PPR 900kthanks, I appreciate the feedback. My question was fairly general but cash would be somewhere around 500k with the rest tied up in shares and house
The OP didn't say they were farmers.Plenty of farmers have more than that and qualify. Hardly having a laugh.
Have no idea what point you're trying to make.The OP didn't say they were farmers.
7. 5% of 1.5mil is in well in excess of c. 60, 000E, to 70,000 annual nursing fees before considering any income.
HSE isn't in Switzerland I'm afraid.
Laughing again.
Not with €500k in cash and a few hundred grand in shares. You pay for the cost of the home until you can't afford it anymore.thanks, I appreciate the feedback. My question was fairly general but cash would be somewhere around 500k with the rest tied up in shares and house
You are probably looking at €80,000+ in Dublin just for the room. Then you have any other expense of living to go on top of that as well as medical bills.What does a nursing home cost, €60,000 a year? So that’s €36,000 a year net of tax relief.
How does ‘Fair Deal’ work? Correct me if I’m wrong, they get 80% of your income and 22.5% of your assets including your home (i.e. 7.5% per year for three years)?
So surely it depends on a lot of factors like the values, income levels, etc?
Plenty of suburban old people living in houses worth €1.5 million but with modest incomes. They are still rich but they are entitled to the scheme. It doesn't matter if you have a house worth €500k and a million in cash or a house worth €1.5 million and no cash you still have the same amount of wealth.Plenty of farmers have more than that and qualify. Hardly having a laugh.