Saving and being let go

LegacyUser

Just wondering I have saving of 50k (saved in 15 yrs incase of a rainey day!) and am going to be let go from my job just wondering do you get the dole no matter what saving you have remembering i saved this over a 15 yr period and am only on €45k.

MagicMarker

Errr... I would call this a rainy day wouldn't you?

But to answer your question, no, it doesn't matter what savings you have. I guess it's an unwritten rule that you apply for the dole when you NEED it.

LegacyUser

What you have saved has nothing to do with the dole. They never ask. If your unemployed you can collect it.

LegacyUser

If you have contributed to social welfare then you are entitled to unemployment benefit. You are calling on the contributions you have made over the years.
There are no unwritten rules and any savings you made are your own business.

loloray

Unregistered wrote: »

What you have saved has nothing to do with the dole. They never ask. If your unemployed you can collect it.

Oooh I stand to be corrected on this, but as far as I remember, they do ask.
Having said that, I don't think this will mean you don't get dole.

Fair play OP to being one of the sensible ones and saving!

LegacyUser

I thought it was a max of 40k in the bank then you wouldnt get it.
I thought they asked for statements etc.....and i pay so much tax a month and
saved for a rainey day it would be awfull to not get it.

jackal

loloray wrote: »

Oooh I stand to be corrected on this, but as far as I remember, they do ask.
Having said that, I don't think this will mean you don't get dole.

Fair play OP to being one of the sensible ones and saving!

Savings are not taken into account, and I certainly would not volunteer the info or entertain any questions about it. *If* you are paid up from a PRSI point of view then you are entitled to Jobseekers Benefit, which is *not* means tested. http://www.citizensinformation.ie/categories/social-welfare/social-welfare-payments/unemployed-people/unemployment_benefit

This lasts for 12 months, after which you change onto unemployment allowance, which is the exact same amount of money, but is means tested. Then your savings may be taken into account.

http://www.citizensinformation.ie/categories/social-welfare/social-welfare-payments/unemployed-people/jobseekers-allowance

gary the great

Then why would they ask for bank statements?

If you have savings as high as that i think they suspend the first 2 weeks of your dole, although am not totally sure. i know this the case for redundancy packages anyway and am fairly sure its the same for large savings.

Stercus Accidit

MagicMarker wrote: »

Errr... I would call this a rainy day wouldn't you?

But to answer your question, no, it doesn't matter what savings you have. I guess it's an unwritten rule that you apply for the dole when you NEED it.

Complete rubbish.


Apply for the dole, you have lost your source of income. You are no less entitled to it than some useless waster who would have spent that 40k on drink.

Claim now, and concentrate on getting a new job and keeping a decent routine rather than falling into a slump.

Its going to be tough on a lot of people, ignore the dole snobbery.

Agent J

Sounds like people are mixing up unemployed benifit and allowance.

If you have worked and paid PRSI for a certain time(15 years is a multiple of that) then you get UB with no means test.

If you havent paid PRSI then you get means tested and that savings would come into it.

wasper

Unregistered wrote: »

What you have saved has nothing to do with the dole. They never ask. If your unemployed you can collect it.

Hello Guys, have you heard of means testing. They will kook at your assets, bank details, housing ...etc.etc.

MagicMarker

Stercus Accidit wrote: »

Complete rubbish.


Apply for the dole, you have lost your source of income. You are no less entitled to it than some useless waster who would have spent that 40k on drink.

Claim now, and concentrate on getting a new job and keeping a decent routine rather than falling into a slump.

Its going to be tough on a lot of people, ignore the dole snobbery.

If questioning why someone needs to go on the dole when they have €50,000 in the bank is ''dole snobbery'' then I am guilty as charged.

Agent J

wasper wrote: »

Hello Guys, have you heard of means testing. They will kook at your assets, bank details, housing ...etc.etc.

One more time for those of you in the back

There are 2 doles.

http://www.citizensinformation.ie/categories/employment/unemployment-and-redundancy/losing-your-job

Read all about them

One is Benifit which ONLY depends on if you have paid X amount of PRSI.

The other is assistance which IS means tested.


If you have paid your share of PRSI then you should claim for it. If you wait around and your money runs dry in a few years you wont get i back dated.

As someone made the point why should you lose out when you didnt piss it all away like others?

LegacyUser

Like I say I saved this cash over 15 yrs and NOTE ALSO PAID HIGH TAXES so just because I didnt go made spending like some wasters why should i be penalized

MagicMarker

I haven't mentioned the word waster once in this thread, yet I'm the dole snob. Go figure.

tbh

MagicMarker wrote: »

I haven't mentioned the word waster once in this thread, yet I'm the dole snob. Go figure.

it's because you're wrong the dole is like insurance, if you've paid for it, you're entitled to it. You are not asking whether or not the OP is entitled LEGALLY to the dole or not, you're raising moral questions. There's no morality involved imo, that's what the dole is for. What you are suggesting is a punishment for(and total disincentive of) saving responsibly.