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The Job Seekers Allowance Means test

  • 05-10-2012 9:20am
    #1
    burly
    Registered Users, Registered Users 2 Posts: 314 ✭✭


    Hi all,

    Im currently on job seekers benefit, and cant get work despite my best efforts.

    My jobseekers benefit will expire soon, and so I will be applying for job seekers allowance which is means tested.

    I still have a redundancy payment of around €5000 in a savings account, will they look at this as 'means', or am I right in saying I can have up to €20,000 and this wont be counted as 'means'?


Comments

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


    You are correct.


  • #3
    Bruthal
    Closed Accounts Posts: 13,422 ✭✭✭✭Bruthal


    burly wrote: »
    Hi all,

    Im currently on job seekers benefit, and cant get work despite my best efforts.

    My jobseekers benefit will expire soon, and so I will be applying for job seekers allowance which is means tested.

    I still have a redundancy payment of around €5000 in a savings account, will they look at this as 'means', or am I right in saying I can have up to €20,000 and this wont be counted as 'means'?

    Yes 20k is the threshold. €1 a week less for each €1000 in savings above that I think.

    €5k will not be taken into account.


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