How we assess savings and investments of a qualified adult (QA)
When working out QA means from investments and savings, we add together the following items that your spouse or partner may have and use a special formula to work out their weekly means:
- the cash value of investments and property (except your own home),
- money in a savings account or any other kind of bank account, and
- cash-in-hand.
| Capital: |
Weekly means assessed: |
| First €20,000 |
Nil |
| €20,000 - €30,000 |
€1 per €1,000 |
| €30,000 - €40,000 |
€2 per €1,000 |
| Over €40,000 |
€4 per €1,000 |
Example 1
A QA has €35,300 savings and no other means.
| Amount of savings |
€35,300 |
| Minus first €20,000 (disregarded) |
€20,000 |
| |
€15,300 |
| Balance of €15,300 is assessed as follows: |
|
| €10,000 is assessed at €1 per €1,000 |
€10.00 |
| €5,000 is assessed at €2 per €1,000 |
€10.00 |
| The balance of €300 is not assessed as it is less than €1,000. |
|
| Weekly means |
€20.00 |
Please note other income your spouse or partner may have is assessed on a weekly basis.
For more information, log on to 'www.welfare.ie'.
Example 2
A qualified adult has earnings of €160 gross a week and €35,300 savings. Means are calculated as follows:
| Earnings |
€160 |
| Capital €35,300 (see example 1, above) |
|
| Weekly means |
€20 |
| Total weekly means |
€180 |
For more information, log on to 'www.welfare.ie'.