412. Deputy Noel Harrington asked the Minister for Social Protection the reason her Department applies an interest rate of 20.8%, which is more than 80 times the ECB rate of 0.25%, on savings and investments and property over €50,000 under means tests administered by her Department; her plans to amend the scheme to reflect present interest rates; and if she will make a statement on the matter. [1736/14]

Summary

412. Deputy Noel Harrington asked the Minister for Social Protection the reason her Department applies an interest rate of 20.8%, which is more than 80 times the ECB rate of 0.25%, on savings and investments and property over €50,000 under means tests administered by her Department; her plans to amend the scheme to reflect present interest rates; and if she will make a statement on the matter. [1736/14]

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• Social Welfare Code

  xml · EN · 15 January 2014

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