Impact of Savings and Capital

IImpact of Savings/Capital

The value of any savings, investment and capital will be assessed to determine the amount of SWA you may be entitled to receive. The method of assessing capital for entitlement to SWA payments is as shown below:

First €5,000 Disregarded/Not Counted €0

Next €10,000 valued at €1 per €1,000 up to €10

Next €25,000 valued at €2 per €1,000 up to €50

Balance valued at €4 per €1,000 subject to amount

Example:

Savings of €30,000:

the first €5,000 is disregarded = €0

the next €10,000 is valued at €1 per 1,000 = €10

the next €15,000 is valued at €2 per 1,000 = €30

This means that savings of €30,000 would have an assessable value of €40 per week:

€0 + €10 + €30

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