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allowance interview

  • 02-01-2008 12:42pm
    #1
    Ohyeah
    Closed Accounts Posts: 102 ✭✭


    Havee interview for Job seekers allowance.

    what's cut off for money you have in your back account. to get allowance.

    I have decent amount in my account and I have to bring bank details- however I have absolutely no other assets as in car house etc- and I have no other savings anywhere- so I think my relatively healthy balance does not give a clear position of my financial state?

    any advice or previous experience when it comes to this.


Comments

  • #2
    Nolanger
    Closed Accounts Posts: 4,556 ✭✭✭Nolanger


    You are allowed €20,000 savings - anything above this will affect your Allowance payment.


  • #3
    Mrs. MacGyver
    Closed Accounts Posts: 1,294 ✭✭✭Mrs. MacGyver


    The first 20,ooo is not counted, the next 10,000 is assessed at a euro per 1,000 (= E10), the next E10,000 is at E2 per 1,000 ( = E20) and the balance is assessed at E4 per E1,000. If your means (i.e. the answer you get from working out this formula on your savings) works out at equal to or over the rate of payment you are entitled to e.g. for a single person its E197.80 then you will not be entitled to Jobseeker's allowance or Farm Assist.


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