Seanad debates

Friday, 12 December 2008

Health Bill 2008: Committee and Remaining Stages

 

4:00 pm

Photo of Joe O'TooleJoe O'Toole (Independent)

No, I am not. Let me clarify. On page 5, line 11, the Bill reads, "...not including the income from the portion of the person's savings or similar investments whose capital value does not exceed €36,000". Line 19 reads "€72,000". These provisions are clear, but there is no interpretation of "similar investments" or "savings". If a person must liquidate his or her house and puts that money, perhaps temporarily, into a bank while trying to change, downsize or divide homes, will interest accrue as if the money is savings or a similar investment? I do not know whether they are the same. How is it rated? Where would a person's superannuation lump sum, which he or she put aside to help in later years, fall in the calculation?

Comments

No comments

Log in or join to post a public comment.