Could someone direct me to the section which shows the rate of social welfare benefit on a sliding scale one can get after their means has been calculated. What weekly means per relative calculations can you have before payment is reduced. I always find it difficult to source this info.
Most payments have a disregard of €20k in savings apart from Disability Allowance, which has €50k. and if no savings or income above this you get the full rate, for a single person is €188
Any savings above these levels or other income will reduce your payment.
I have a little calculator on a spread sheet, where you can juggle the figures to get an idea of, if and how much your payment might be reduced. I can email it to you if you like. I'll post it below but don't expect it to come out looking all right.
Savings Means Rate per €1000 Means Payment 20,000.00 Nil 0 188.00 10,000.00 1.00 10 -10.00 10,000.00 2.00 20 -20.00
Most payments have a disregard of €20k in savings apart from Disability Allowance, which has €50k. and if no savings or income above this you get the full rate, for a single person is €188
Any savings above these levels or other income will reduce your payment.