Fair Deal Information Webinar
IFA in partnership with HSE held an information webinar for farmers on the fair deal scheme. The webinar provided detail on how the fair deal scheme works, the 3 year cap on farm assets, criteria for family successor and planning for nursing home care while protecting the family farm.
You can view the webinar below.
The Nursing Homes Support Scheme, more commonly known as the “Fair Deal”, provides financial support to people who need long-term nursing home care. Under this scheme, an individual makes a contribution towards the cost of their care and the State pays the balance.
Changes were made to the scheme that mean farmers can avail of a three-year cap on their farm business assets subject to satisfying certain conditions. The conditions to qualify for the 3-year cap farmers are as follows:
- A family successor is appointed.
- The successor will commit to running the farm or business for at least 6 years.
- The farm or business must have been actively run by you, your partner or your proposed family successor for at least 3 of the last 5 years.
A farmer that meets these conditions will contribute up to 7.5% of the value of their farm assets each year for a maximum of 3 years.
The webinar was chaired by Teresa Roche, Chair of IFA Farm Family and Social Affairs Committee.
Ultan Hynes, Head of Service, Nursing Homes Support Scheme with the HSE provided an overview of the scheme.
You can view Ultan’s slides here.
Please click here for the Fair Deal Application form.