Summary
Q My wife and I are 81 and have medical cards. We have Post Office Bonds that are to mature next year and are worried the interest from these will put us over the e1,400 income threshold because we will effectively earn three years worth of interest in one year. If we did lose our medical cards next year, would they be returned in 2011? A The means test for the over-70s medical card is unusual in that you can choose to have it assessed either on the basis of actual interest earned or on a notional basis. Whatever favours you best should be applied. You can also choose to have the return on a longer-term investment calculated either on an annual basis or as a single return when the investment matures.
So you could have the return on the bonds spread over three years.See the full content of this document
Extract
Q My Wife and I [...] [Eire Region]
You could also have the return ...
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