Dáil Éireann Debate, Wednesday - 18 January 2023
1216. Deputy Noel Grealish asked the Minister for Health further to Parliamentary Question No. 450 of 27 September 2022, if the necessary administrative and operational changes have been made to the fair deal scheme in order that some income from renting out the family home can be deemed exempt; and if he will make a statement on the matter. [63457/22]
View answerEffective from 01 November 2022, the amount of rental income that nursing home residents can retain under the Fair Deal from renting their principle private residence increases from 20% to 60%.
Prior to the change outlined above being implemented, participants in the Fair Deal scheme were able to rent out their homes or other assets, but rental income was subject to assessment at 80% like all other income (such as pension income).
Recognising that this may act as a disincentive against renting out a property, the Government approved a policy change to the Nursing Homes Support Scheme “Fair Deal”. The rate of assessment for rental income from a principal residence is reduced from 80% to 40%. This will be reviewed after six months of operation, with the potential for further amendment after that point.
