Social Welfare and Pensions Act 2007
Schedule 3 — amendments.
35.— Schedule 3 to the Principal Act is amended—
(a) in Part 2—
(i) F3[…]
(ii) in Rule 1(2)(b)(iii) (as amended by section 4 and Schedule 1 of the Act of 2006), by deleting “in the case of jobseeker’s allowance,” and
(iii) by deleting Rule 1(2)(b)(vii),
(b) in Part 3 (as amended by section 24 of the Act of 2006)—
(i) in Rule 1(1), by substituting “reference 1 of Table 1” for “Table 1”, and
(ii) by deleting Rule 1(2)(b)(vii) and (viii),
(c) in Part 5 (inserted by section 25 of the Act of 2006)—
(i) in Rule 1(1), by substituting “reference 1 of Table 1” for “Table 1”,
(ii) in Rule 1(2)(b)(iii), by deleting “in the case of one-parent family payment,” and
(iii) by deleting Rule 1(2)(b)(xi),
and
(d) by substituting the following for Table 1:
“Table 1
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Reference No. |
Calculation of Weekly Value |
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1. |
The weekly value of the property referred to in Rule 1(1) of Part 2 (for the purposes of jobseeker’s allowance, pre-retirement allowance and farm assist), Rule 1(1) of Part 3 and Rule 1(1) of Part 5 shall be calculated as follows: (a) the first €20,000 of the capital value of the property shall be excluded; (b) the weekly value of so much of the capital value of the property as exceeds €20,000 but does not exceed €30,000 shall be assessed at €1 per each €1,000; (c) the weekly value of so much of the capital value of the property as exceeds €30,000 but does not exceed €40,000 shall be assessed at €2 per each €1,000; and (d) the weekly value of so much of the capital value of the property as exceeds €40,000 shall be assessed at €4 per each €1,000. |
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2. |
The weekly value of the property referred to in Rule 1(1) of Part 2, for the purposes of disability allowance, shall be calculated as follows: (a) the first €50,000 of the capital value of the property shall be excluded; (b) the weekly value of so much of the capital value of the property as exceeds €50,000 but does not exceed €60,000 shall be assessed at €1 per each €1,000; (c) the weekly value of so much of the capital value of the property as exceeds €60,000 but does not exceed €70,000 shall be assessed at €2 per each €1,000; and (d) the weekly value of so much of the capital value of the property as exceeds €70,000 shall be assessed at €4 per each €1,000. |
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3. |
The weekly value of the property referred to in Rule 1(1) of Part 4 shall be calculated as follows: (a) the first €5,000 of the capital value of the property shall be excluded; (b) the weekly value of so much of the capital value of the property as exceeds €5,000 but does not exceed €15,000 shall be assessed at €1 per each €1,000; (c) the weekly value of so much of the capital value of the property as exceeds €15,000 but does not exceed €40,000 shall be assessed at €2 per each €1,000; and (d) the weekly value of so much of the capital value of the property as exceeds €40,000 shall be assessed at €4 per each €1,000. |
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Annotations
Amendments:
F3
Deleted (7.03.2008) by Social Welfare and Pensions Act 2008 (2/2008), s. 25(c), commenced on enactment.