PERSONAL FINANCE

Are you eligible for the working family payment?

Many people do not realise that they are eligible for the working family payment.  What is it and how does it work?  

Liam Croke, Personal Finance Expert

Reporter:

Liam Croke, Personal Finance Expert

Email:

liam@harmonics.ie

Are you eligible for the working family payment? Personal finance expert Liam Croke lets you know

See if you are eligible for the payment at the local Intreo office

The Working Family Payment works by giving a tax-free payment each week, to people on low incomes who have at least one child who normally lives with them and is financially dependent on them.

The payment is linked to the number of children you have, and the income you are in receipt of.

If your income is less than the income limit for the size of your family, you receive a payment of 60% of the difference.

If you have three children, in order to qualify your weekly earned income must be less than €723.

So, if, for example your net weekly income is €550, the amount you would qualify for, is €104. And how that’s worked out is €723 - €550 = €173 x 60% = €103.80 (the payment is rounded up to the nearest euro)

In order to apply for this payment, you need to complete a WFP application form, which can be found online, at an Intreo centre or at a social welfare office.

Alternatively check out Citizens Information for more details HERE