Can I still claim

SlanGoFoil2011

I have been on Job seekers for 11 months.

Social welfare have sent me a form to fill in about my means.

I have no earning, but I have €30K in my old SSIA account that I havent touched.

I also have 3 houses including my primary house - all 3 are worth a fraction of what I paid for them. 1 of them is in the UK (London).

If I dont get social welfare I will be in serious financil dificulty as I have no earning.

What response do you think i will get from them. Will I be still entitled to wefare?

should I lie on forms, does the fact that I once had money exclude me from welfare,

hdowney

SlanGoFoil2011 wrote: »

I have been on Job seekers for 11 months.

Social welfare have sent me a form to fill in about my means.

I have no earning, but I have €30K in my old SSIA account that I havent touched.

I also have 3 houses including my primary house - all 3 are worth a fraction of what I paid for them. 1 of them is in the UK (London).

If I dont get social welfare I will be in serious financil dificulty as I have no earning.

What response do you think i will get from them. Will I be still entitled to wefare?

should I lie on forms, does the fact that I once had money exclude me from welfare,

i don't mean this nastily but you say you have 3 houses (yes i know the housing market has depreciated severely, but you still have 3 houses - some people on social welfare don't own 1 house) and 30k in savings [fair play on never touching it and letting it acrue interest or whatever when you were working and whatnot but.].

i think, if the form the social sent you for means was for jobseekers allowance (i am assuming you have been on benefit for the past 11mths) then they will judge that you probably don't need social help for the forseeable future as you have money to survive.

you claim that if they don't approve you you will be in severe financial difficulty, but i fail to see how. you have 30k of savings plus the houses. you want to be able to hold on to all of that and have the state pay to keep you? that is not how the system works i am afraid

Dublin_Gunner

SlanGoFoil2011 wrote: »

I have been on Job seekers for 11 months.

Social welfare have sent me a form to fill in about my means.

I have no earning, but I have €30K in my old SSIA account that I havent touched.

I also have 3 houses including my primary house - all 3 are worth a fraction of what I paid for them. 1 of them is in the UK (London).

If I dont get social welfare I will be in serious financil dificulty as I have no earning.

What response do you think i will get from them. Will I be still entitled to wefare?

should I lie on forms, does the fact that I once had money exclude me from welfare,

So let me get this straight - you have 30k in the bank, and 3 properties?

Are you taking the piss? Is this thread actually made as a joke about developers going on the dole or something?

If you're actually serious, here's what I'd recommend.

Sell your 2 non primary houses. That's a few 100 grand in the bank to keep yourself going until you get a job like the rest of us, you greedy fcuk.

There is no financial issue with you, apart from the fact you have lots of equity. You're in a better financial position that 90% of this country, and you want jobseekers allowance?

You make me sick.

SlanGoFoil2011

well houses dont mean income - so no money. If I sold them I would be paying €200K in interest with no rent as they property have depreciated

€30K with a family and 3 houses wont go far.

What should i do - just blow 30K and then go back in 6 months

If you think I dont deserve it, is the dole only for people who never try to increase or improve there situation. Would you suggest never working or when you do work to try and improve your general situation by saving and investing.

Am i greedy because i ONCE SAVED and Invested. Or because I lost my job and now need help.

Do I not need help because I have >€1m in mortages and no income, or because I dared once have money

D

I thought the cut-off point for JA in terms of capital was €20,000? I could be wrong though. Is it possible to receive JA if you have more than €20k?

Dermo

You are either a troll or delusional.
State benefits are for people who have no other option. You have savings and 3 properties!

hdowney

SlanGoFoil2011 wrote: »

well houses dont mean income - so no money

€30K with a family and 3 houses wont go far.

What should i do - just blow 30K and then go back in 6 months

that is the thing. the social forms all want to know about all money you have. and the houses and 30k will count as money you have, or means, and therefore will affect your chances of payment. you YES basically the social are more than likely to tell you to go and spend your savings and then if you still don't have a job come back to them

SlanGoFoil2011

Do they count properties which are worth a fraction of what i paid for them as income or means

Dermo

SlanGoFoil2011 wrote: »

Do they count properties which are worth a fraction of what i paid for them as income or means

Do you rent them out?

Why don't you dump them for quick cash?

Are you still paying mortgages?

SlanGoFoil2011

I rent them out and the rent doesnt cover the interest never mind the mortage,

If I dumped them I couldnt clear the mortgage and would be worse off.

2 are for sale and cant get it sold and I live in the 3rd

Dermo

SlanGoFoil2011 wrote: »

I rent them out and the rent doesnt cover the interest never mind the mortage,

If I dumped them I couldnt clear the mortgage and would be worse off.

2 are for sale and cant get it sold and I live in the 3rd

Ok, in this case you will still probably be told that you have 2 much savings in the bank and that 30k should cover you while you find a job.

But the properties may not hinder you reapplying when you have less savings if you are not actually making any income from them.

Dublin_Gunner

SlanGoFoil2011 wrote: »

I rent them out and the rent doesnt cover the interest never mind the mortage,

If I dumped them I couldnt clear the mortgage and would be worse off.

2 are for sale and cant get it sold and I live in the 3rd

So I take it these are large properties?

You need to speak to your estate agent, not Social Welfare.

You are victim of the Celtic Tiger greed - spent what you couldn't afford, the crash happened and now you're stuck, after paying WAY over the odds for property.

This might sound very harsh - but it's noones fault but your own. Sell the properties, pay back a good chunk of the mortgages, ask the bank for a mortgage break, or go interest only for a year, start to work into your savings, and get a job.

There are no free hand-outs when you have means there, you need to help yourself.

SlanGoFoil2011

what would be considered by social welfare as alot of savings, if you have property you must have savings to service them

JimsAlterEgo

SlanGoFoil2011 wrote: »

what would be considered by social welfare as alot of savings, if you have property you must have savings to service them

you jsut don't get it do you? Social Welfare is not for you to service your mortgages!!

RedXIV

SlanGoFoil2011 wrote: »

what would be considered by social welfare as alot of savings, if you have property you must have savings to service them

OP you need to look at it this way. SW doesn't see "this person is in trouble with trying to keep 3 mortgages going" it sees "this person has 3 houses. And savings"

Social welfare will not help you keep 3 houses. thats not what its intended for. Its intended for people who are literally on their last legs.

If you sell two of the houses and use up your savings, then you'll have a case but only after trying to resolve things with the bank first as pointed out by another with interest only payments etc

SlanGoFoil2011

yea, its for people who have lost their jobs and have no income.

You seem to be hung up on the fact that I once had money.

Do you believe that people who once had money should not be allowed to collect wefare.

At least I will use my welfare to get back on my feet, I am not looking for more then the average guy on the street gets. to keep his family.

I just want enough to keep my family. But you feel that becasuse i own property that in worth less, then I shouldnt get welfare,

If i spent 100K on a car that is now scrap metal that is oK

ctrl-alt-delete

Social Welfare is for those that are entitled to it, don't let anybody but the powers that be tell you that you are not entitled to it.

Apply and don't lie on the forms and see how you get on, that is all you can do.

SlanGoFoil2011

Thanks and FYI - THE reason i ended up with property is because i worked around the country an didnt sell when i moved on.

But i am thinking avbout cashing in my saving and paying something off the mortage at least then i can say i have no savings

ctrl-alt-delete

SlanGoFoil2011 wrote: »

Thanks and FYI - THE reason i ended up with property is because i worked around the country an didnt sell when i moved on.

But i am thinking avbout cashing in my saving and paying something off the mortage at least then i can say i have no savings

You are allowed a certain amount of savings,which is a fair few thousand from memory but I can't remember exactly, you can find out on their website.

Miguel_Sanchez

About 6 years ago 20,000 was the limit you could have in the bank.

Not sure if it's changed.

mp22

http://www.citizensinformation.ie/en/social_welfare/irish_social_welfare_system/means_test_for_social_welfare_payments/means_test_for_jobseekers_allowance.html

SlanGoFoil2011

Thanks,

as you can see from this post etc, people on welfare believe wefare is purly for professional welfare recepiants.

Anyone who had a business, did ok and is now on rough times, was a developer employing 100s of poeple - should not be entitled to wefare,

If you never earned or paid tax or contributed anything to the country - roll on and fill our boots, i am looking for a little help till i get my **** together.

dublin daz

I think people are a bit harsh on the OP.

S/he may be wealthy or have properties, but when times were good I'm sure they paid tax like the rest of us.

The limit is 20k in savings for JSA.

Its a recession people that once had a lot now find themselves in less fortunate situations.

SlanGoFoil2011

Thanks

"Capital includes property (not your home), savings and investments.

If you own property (excluding your home) or you have investments or any other form of capital, the value is assessed, using a standard formula (see below) whether or not you are getting an income from the property or investment"

what i dont understand is - if the property in worth €150K and your mortgage is €200K is it still assesed as capital

SlanGoFoil2011

thanks

mp22

Property covered by this rule includes houses (other than a person's own home), buildings or land owned but not personally used or enjoyed.
The house in which a person resides, together with furniture and personal effects is not assessed.
Property must be capable of being sold, let or put to profitable use before a capital value assessment is applied.
The most common example is where a person owns a second house. If the house is let, the owner is assessed with the capital value of the property, not with the income from the letting. Similarly, the market value of leases and ground rents is assessed as capital; the income is not assessed.
Any outstanding mortgage registered against the property is deducted from the market value.


from here http://www.welfare.ie/EN/OperationalGuidelines/Pages/meansassess.aspx#sect1

SlanGoFoil2011

got it
thanks

mp22

OP sorted

Closed