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Saving certificates and jobseekr benefit

  • 12-10-2009 5:43pm
    #1
    byebytoad
    Registered Users, Registered Users 2 Posts: 24 ✭


    Hi guys , I'm going to apply for jobseeker benefit and I wanted to ask if saving certificates count as bank account means.
    I know there's a limit of 20k you must have in your bank account to apply for the jobseeker beenfit.
    What if for example I have 18k in the bank account + state saving certificates (5year) for a value of 10k?
    What happen if for example after I get the JBA I'm able to save money in my bank account so the it goes over 20k?


Comments

  • #2
    Xiney
    Registered Users, Registered Users 2 Posts: 8,085 ✭✭✭Xiney


    savings & investments. Your savings certs count as investments, so they will count them as means - only 1euro per week per 1000 over 20k though up to 30k.


  • #3
    byebytoad
    Registered Users, Registered Users 2 Posts: 24 ✭byebytoad


    Xiney wrote: »
    savings & investments. Your savings certs count as investments, so they will count them as means - only 1euro per week per 1000 over 20k though up to 30k.
    Thanks for the reply.
    Do you also know:
    1)What happen if my means are below 20k when I apply but go over the 20k when I'm receiveing the JBA?
    2)What if my means go over 30k?


  • #4
    cee_jay
    Registered Users, Registered Users 2 Posts: 7,920 ✭✭✭cee_jay


    byebytoad wrote: »
    Thanks for the reply.
    Do you also know:
    1)What happen if my means are below 20k when I apply but go over the 20k when I'm receiveing the JBA?
    2)What if my means go over 30k?

    If you are applying for Jobseeker's Benefit then it doesn't matter what your savings are - its not means tested and they aren't taken into consideration.

    If your means were nil because your savings/capital were under 20k, and this then increased, you are obliged to inform your office of this change in circumstances. If you don't and it is later discovered, you can be assessed with an overpayment.
    Again if your capital increases over 30k, you have to tell them and they will review your means and what your payment should be.
    For more information on how it is calculated see here.


  • #5
    byebytoad
    Registered Users, Registered Users 2 Posts: 24 ✭byebytoad


    cAr0l wrote: »
    If you are applying for Jobseeker's Benefit then it doesn't matter what your savings are - its not means tested and they aren't taken into consideration.

    If your means were nil because your savings/capital were under 20k, and this then increased, you are obliged to inform your office of this change in circumstances. If you don't and it is later discovered, you can be assessed with an overpayment.
    Again if your capital increases over 30k, you have to tell them and they will review your means and what your payment should be.
    For more information on how it is calculated see here.
    Thank you very much, the link provided explain everything


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