Impact of Lump Sum and Interest on Social Welfare

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Nick1911

Registered User
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Hi

I have been redundant and am going to invest my lump sum and hope to make approx €4K per annum interest on this.

Will I have to declare this to SW when I sign on and what implications are there if I do declare it i.e. will I loose out on some benefit?

Nick
 
If you read the keypost in this thread you can decide whether youa re entitleed to BENEFIt (which is PRSI based and not means-tersted) or ALLOWANCE (which is measn-tested and a lump sum over 20k will affect your rate of payment.)
 
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