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start business=lose Jobseekers benefit??

  • 24-11-2008 12:10pm
    #1
    MMA
    Closed Accounts Posts: 8 ✭


    I've been made redundant and one option open to me is to register as a sole trader and hope some work comes my way. I'm getting jobseeker's benefit at the moment which, little as it is, is at least regular income. I'm afraid if i set up a business I would I'd lose the jb regardless of whether i got work in or not. Anyone have any advice on this? thanks


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  • #2
    dubscribe
    Registered Users, Registered Users 2 Posts: 106 ✭✭dubscribe


    It's free and I got mine at my local dole office. It's FANTASTIC. It's a handbook exploring options for unemployed people. It's published by the Irish National Organisation of the Unemployed : www.inou.ie

    SPECIFICALLY it details information about the "Back to Work Enterprise Allowance". Under this scheme, qualified persons can take up approved self-employment and keep their Social Welfare payment at the following rates:
    • 100% for the first year
    • 75% for the second year
    • 50% for the third year
    • 25% in the fourth year
    But here's the bummer... :confused:
    Jokseeker's will qualify if they have had an entitlement to Jobseeker's Allowance or Jobseeker's Benefit for two years. So in your particular circumstances it may be of little help.

    However, I strongly recommend investigating this handbook.

    Good luck :)


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