One Parent Family Payment - SW 82


Print page

When working out your means from savings and investments we first add together the following items:

  • cash value of investments and property (excluding your home),
  • money in any savings or other type of account, and
  • cash-in-hand.

We then use the following formula.

 

​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:

You are a qualified parent with three qualified children and have savings and investments of €35,000, but no other income.

Amount of savings                                          €35,000
Minus first €20,000 (disregarded)                   - €20,000
                                                                    €15,000
Balance of €15,000 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
Weekly means                                              €20.00


In this example, you would get One-Parent Family Payment of €264.90 (at current rates) a week (a personal rate of €175.50 and three increases for a qualified child, €29.80 each).

For more information, log on to www.welfare.ie.

Last modified:17/08/2015
 

 Application Forms

 
 

 Downloads