How is corpo rent Calculated?

Godsentme

I am working shift work and my wages vary from week to week . I get Sunday allowance. I get night allowance when I'm on nights. No overtime or bonuses. Except bank holiday double time and a day.

I'm asking if anybody knows the formula to calculate a Corporation House rent?

YoureSoVain

www.waterfordcity.ie/documents/forms/RentsScheme 2005.doc
Differential Rents calcultion

snuggles09

WATERFORD CITY COUNCIL RENTS SCHEME 2011


1. Scope of Scheme:
This scheme will apply uniformly to all City Council rented dwellings with effect from Monday 02nd May 2011. It will supersede all existing differential and fixed rent schemes. The scheme may be subject to review during this twelve month period.

2. Differential Rents:
(i) Rents of dwellings let on differential rent will be calculated in accordance with Paragraph 3 below
Rents will normally be based on certified income on 10th of January 2011. Alternatively when a new tenancy is allocated the income that applies is the income of the date of the tenancy. In determining rent in the case of a new or transferred tenancy after that date, assessable income shall be reckoned by reference to the income situation of the family in the week in which the new tenancy or transfer takes place.

(ii) Assessable income of the principal earner is income from the following sources, assessed in full, but reduced by pay related social insurance contribution, universal social charge, pension contributions and any income tax payable on such income:
· Income from employment including self employment;
· All social insurance and social assistance payments, allowances and pensions, health board allowances, maintenance payments, FAS and any other training allowances except payments listed at (vi) beneath.
· Income from pensions of kinds not already included at above.

(iii) Income of an employed person is, in general, the normal weekly rate of remuneration as defined in Section 1 of the Holidays (Employees) Act, 1973, including regular rostered overtime and shift allowances; occasional lump sum bonus payments are excluded. All other regular payments in the nature of pay are included.

(iv) Principal Earner is the person (either the tenant or any other person normally resident in the household) who is in receipt of the highest assessable income within the household.

(v) Subsidiary Earner is a member of the household, other than the principal earner, who has an income.

(vi) Income from the following sources is disregarded for the purposes of calculation of rents:

(a) Children’s Allowances, Foster Allowances, Orphan’s Allowances or Orphan’s Pensions payable under the Social Welfare (Consolidation) Act, 1981, Domiciliary Care Allowance, Charitable Allowances/Assistance
(b) Scholarships:
(c) A deduction of a court ordered maintenance payment will be disregarded from a person’s net income for the purposes of assessment for rent.

3. Calculation of Rent
The rent of the dwellings let on differential rent will be determined on the basis:

Assessable weekly income of Weekly Rent

Principal Earner

Up to and incl. €149.99: €18

Over and incl. €150.00 €18
plus 20% of any additional income over €150.00

Minimum rate for person whether in receipt of:

Old Age Pension (single rate) or One
Parent Family Allowance (with one child)* €18

Single person in receipt of basic welfare
payment for one adult* €18

*Since the last Rent Assessment if the principle earner has secured part-time employment and remains in receipt of a Social Welfare payment then the rent will be calculated as follows:
The social welfare income is calculated as above and the income from employment is calculated at 15% of income from employment or €20.00 which ever is the lower.

The amount of €1.00 shall be deducted from the assessed rent for each child of 16 years or under, or who is attending a full time course of education and is wholly or mainly maintained by the principal earner.

Subsidiary Earners:

After the rent payable in respect of the principal earner has been determined, the rent payable on the income of each subsidiary earner shall be added, as follows:

All subsidiary earners are to contribute 10% of their net income – limited to €20.00 per week.




Where there is no change in a households income circumstances then any rent increase shall not exceed €8.00.
There shall be no increase in the rent where there is a negative change in household income circumstances in comparison to the previous income declaration.

4. Minimum Rent
Where the rent determined in accordance with paragraph 3 above results in a rent of less than €18.00; a minimum of €18.00 will apply. Tenants are required to pay not less than the minimum of €18 per week.

5. Hardship Clause
In exceptional circumstances, where payment of a rent calculated under paragraph 3 would, in the opinion of the City Council, give rise to hardship, the City Council may agree to accept a lesser sum from a tenant for a specified period.
The household must avail of the services of Waterford’s Money Advice & Budgeting Service to be considered for this relief. Such lesser sum shall not be less than 7% of the household income or the minimum rent of €18.00. In all cases Waterford City Council reserves the right to grant the hardship clause and to determine its length.

6. Review of Incomes
The tenant is obliged to notify the City Council immediately of any change in income or family circumstances in writing. If the tenant does not declare any change in the household income then he/she is in breach of the terms of their tenancy agreement.

7. Fixed Rents
Where a fixed rent applies to a dwelling, the rent will not be increased in 2011.

8. Rounding up or down
Where the rents calculated in accordance with the preceding paragraphs are not a multiple of €1.00, they shall be rounded up or down to the nearest €1.00.

9 Non return of rent assessment forms
In the event of the non return of rent assessment forms, the household rent will be calculated on the basis of 30% of the last declared household income. These penalty rents will be applied by 01st June 2011.

Once the full household income details have been supplied to the City Council’s satisfaction; then the rent will be recalculated as per section 3 and applied to the rent account from the date the information was supplied.

A credit adjustment to a penalty rent will only apply after a period of 18 months where the tenant has complied with the terms of their Tenancy Agreement in full. The tenant must pay the weekly rent plus a reasonable sum towards the penalty rent for a period of 18 months in order to qualify for a credit adjustment. The amount of credit applied is at the discretion of Waterford City Council.