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Redundancy payment affecting JA

  • 06-07-2012 1:51pm
    #1
    LegacyUser
    Registered Users, Registered Users 2 Posts: 166,026 ✭✭✭✭


    Hi, I received some redundancy from my last job and was means tested on this when my JB ran out and was switched to JA. My allowance was reduced and I am finding it hard going making ends meet and I am eating into my savings.Can I ask to be re-tested. Can I give the kids some of the redundancy to reduce it a bit.It is not a fortune and I worked 18 years to get it. Thanks for any help.


Comments

  • #2
    mp22
    Moderators, Business & Finance Moderators, Regional South Moderators Posts: 6,854 Mod ✭✭✭✭mp22


    When your savings get to 20k they will not be counted as means.As your circumstances have changed you can apply to be re-tested.

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


  • #3
    LegacyUser
    Registered Users, Registered Users 2 Posts: 166,026 ✭✭✭✭LegacyUser


    Thanks for the link. However I would like to know if it is allowed that I give some money to the kids for their college fund and declare this when I ask to be re-means tested.I can then show where the money went and show that everything is above board.Does anyone have experience of this ?


  • #4
    mp22
    Moderators, Business & Finance Moderators, Regional South Moderators Posts: 6,854 Mod ✭✭✭✭mp22


    guestA wrote: »
    Thanks for the link. However I would like to know if it is allowed that I give some money to the kids for their college fund and declare this when I ask to be re-means tested.I can then show where the money went and show that everything is above board.Does anyone have experience of this ?
    You would need to show that the money is not recoverable by you,you might need to set up a trust fund ect,also their may be tax issues.


  • #5
    LegacyUser
    Registered Users, Registered Users 2 Posts: 166,026 ✭✭✭✭LegacyUser


    Thanks. I will look into that.


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