Auctioneera

Fair Deal Valuations

Are you considering an application to the Fair Deal Scheme or perhaps you have already applied and have decided to sell your property? Our team of estate agents can provide you with the valuation you need for the Fair Deal Scheme as well as a full estate agency service if you have decided to sell.

Fair Deal Calculator

Applicants to the Fair Deal Scheme undergo a financial assessment to determine how much they must contribute to the cost of their care. The greater the income and assets, the greater the contribution. The three year cap affords special status to principal residences, farms and businesses. If sold, the net proceeds are counted for a period of three years, after which they are excluded from the calculation. The below Fair Deal Scheme Calculator should give you a good indication as to how much you are likely to have to contribute to the cost of your care.

Important: this is for guidance purposes only and expert advice should be sought in relation to your specific circumstances.

  
  
  
Income  per week 
Per week
Income
€
Pensions - this includes state pensions, private pensions and pensions from abroad
€
Social welfare benefits and allowances
€
Rental income from properties which are not your main home
€
Income from holding an office or directorship
€
Income from fees, commissions, dividends or interest
€
Income you gave away in the 5 years before your application
€
Total Income: €
€
  
Renting principal residence  per week
Per week
Rental income
€
  
Deductions  per week
Per week
Income tax, PAYE, Universal Social Charge and PRSI
€
Health expenses (GP visits, prescription charges, medicines and medical expenses after tax refund)
€
Maintenance payments to other people
€
Interest on loans on your home
€
Levies required by law to pay such as property tax
€
Dependent children in full-time education
€
Qualifying redress schemes
€
Loans for buying, repairing or improving an asset
€
Rent paid by your partner (if they are living in a rented house)
€
Total Deductions: €
€
  
Assessable Income (income minus deductions)

€

€
  
Assets 
Cash assets  value
Value
Savings and deposits including those with banks, credit unions or post offices
€
Stocks, shares, bonds and securities
€
Social welfare benefits and allowances
€
Approved retirement funds (value of fund at date of application)
€
Money loaned by you to another person
€
Cash assets transferred to another person
€
Total Cash Assets: €
€
  
Non cash assets  value
Value
Your home, if you own or part-own it (or net cash proceeds of selling the home)
€
Any property you own other than your home
€
Any land you own, excluding farms
€
Farms
€
Businesses
€
Overseas land and property
€
Transferred property
€
Total Non Cash Assets: €
€
  
Total Assets: €
€
  
Total Assets excluding family home,
farms &/or businesses

€

€
  
  
  
Payment  per week
Per week
  
Year 1-3
80% of assessable income €
€
40% of rental income from principal residence €
€
7.5% of (assets less €36,000) €
€
Total Payment: €
€
  
Year 4 Onwards (Family home, farms and businesses are not assessable from year 4 onwards)
80% of assessable income €
€
40% of rental income from principal residence €
€
7.5% of (assets less €36,000) €
€
Total Payment: €
€
  
Speak to us about the Fair Deal Scheme today
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