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

Liam Croke

Reporter:

Liam Croke

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

Q: We’re a one income family with three kids. And it’s a struggle to make ends meet every month. Is there any support we could avail of? Someone mentioned to me about a family income supplement but not sure whether we’d qualify?

A: The income supplement you refer to, is now known as the working family payment.

And it 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.