Income for Someone Unemployed


An unemployed person is someone who is not currently working and may receive income from the government to help support them.


Examples of income they might receive include: ґ Jobseeker’s Allowance.


ґ Disability Allowance or Illness Benefit, where unemployment relates to ill health.


Income for a Retired Person


A retired person is someone who has come to the end of their working life. A pension would normally be their main source of income. In 2026, the State pension age in Ireland was 66.


Pensions may be: ґ A state (public) pension paid by the government.


ґ A private pension that they have saved for during their working life. A worker can set aside some of their income every time they get paid, so that they will have an income from a pension when they retire.


Other Typical Sources of Income


Other sources of regular income anyone could receive include: ґ Rental income from owning an additional property that is rented out.


ґ Child Benefit is a monthly, tax-free payment of €140 per child (in 2026) paid to parents or guardians of children up to age 16, or up to their 19th birthday if the child is in full-time education.


Other sources of irregular income anyone could receive include:


ґ Interest earned on savings in a bank. ґ Dividends from owning shares in a business. A dividend is a portion of a company’s profit that is paid out to its investors, as a reward for investing in the business.


ґ Gifts or Inheritance are money received as a gift from family or friends, or inherited. An inheritance is money or property received from a person who has died.


12 2


STRAND 1


CHAPTER 2: Household income and expenditure


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