Oireachtas Joint and Select Committees
Wednesday, 23 November 2022
Select Committee on Social Protection
Estimates for Public Services 2022
Vote 37 - Social Protection (Supplementary)
Heather Humphreys (Cavan-Monaghan, Fine Gael) | Oireachtas source
It is €50 million for the means assessment of capital for the first €50,000 to be exempt. Breaking it down, €20,000 should be assessed at €10 a week, €10,000 and the balance at €20 per week. The Department looked at that using that formula for calculating capital means. A disability allowance applicant with €150,000 in savings and no dependants would be assessed as having €350 in weekly means. The €50 million is a broad figure. I accept that. What I am saying to the Deputy is that when we get into the detail of looking at the different means tests, which I think we should change, by the way, and I am on the same page as him on this, we will be able to get a better and maybe a more detailed look at what exactly it will cost.
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