Social Welfare (Consolidated Payments Provisions) (Amendment) (Capital Assessment and Carers) Regulations 2005
Statutory Instruments
Source: Statutory Instruments

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paragraphs: (1) These Regulations may be cited as the Social Welfare (Consolidated Payments Provisions) (Amendment) (Capital Assessment and Carers) Regulations 2005.
(2) These Regulations and the Social Welfare (Consolidated Payments Provisions) Regulations 1994 to 2004 shall be construed together as one and may be cited as the Social Welfare (Consolidated Payments Provisions) Regulations 1994 to 2005.
Commencement.
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paragraphs: (1) These Regulations (other than Regulation 7) come into operation
(a) in so far as they relate to carer's benefit on 7 April 2005,
(b) in so far as they relate to carer's allowance on 7 April 2005,
(c) in so far as they relate to unemployment assistance disability allowance, pre-retirement allowance and farm assist, on 1 June 2005,
(d) in so far as they relate to unemployment benefit retirement pension and invalidity pension on 2 June 2005,
(e) in so far as they relate to old age (contributory pension, old age (non-contributory) pensions, blind pension, widow's or widower's (non-contributory pension, one-parent family payment, orphan's (non-contributory) pension and a relevant payment by virtue of section 18(1)(b) or (c) of the Social Welfare Act 1996 (No. 7 of 1996), on 3 June 2005, and
(f) in so far as they relate to disability benefit, health and safety benefit, injury benefit and unemployability supplement, on 6 June 2005.
(2) Regulation 7 comes into operation on 13 April 2005.
Definitions.
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paragraphs: In these Regulations “the Principal Regulations” means the Social Welfare (Consolidated Payments Provisions) Regulations 1994 ( S.I. No. 417 of 1994 ).
Assessment of property.
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paragraphs: The Principal Regulations are amended in article 6B(1) by substituting the following for paragraph (c) (as amended by article 4 of the Social Welfare (Consolidated Payments Provisions) (Amendment) (No. 12) (Capital Assessment Regulations 2000 (S.I. 313 of 2000)):
“(c) insofar as it consists of income from property (other than property referred to in paragraph (d) of this sub article) which is invested or otherwise put to profitable use or which, though capable of investment or profitable use, is not invested or put to profitable use, by reference to the weekly value of the property, calculated as follows:
(i) the first EUR 20,000 of the capital value of the property shall be excluded,
(ii) the weekly value of so much of the capital value of the property as exceeds EUR 20,000 but does not exceed EUR 30,000 shall be assessed at EUR 1 per each EUR 1,000,
(iii) the weekly value of so much of the capital value of the property as exceeds EUR 30,000 but does not exceed EUR 40,000 shall be assessed at EUR 2 per each EUR 1,000, and
(iv) the weekly value of so much of the capital value of the property as exceeds EUR 40,000 shall be assessed at EUR 4 per each EUR 1,000.”
Income disregards - carer's benefit and carer's allowance.
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paragraphs: The Principal Regulations are amended -
(a) in article 35E (amended by article 4 of the Social Welfare (Consolidated Payments Provisions) (Amendment (Carers) Regulations 2003 (S.I. 121 of 2003) by the substitution in sub-articles (2) and (3) of “ 270” for “150”, and
(b) in article 89 by substituting the following for sub-article (2):