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Delaying Claming Job Seekers Benefit

  • 27-02-2014 4:58pm
    #1
    LegacyUser
    Registered Users, Registered Users 2 Posts: 166,026 ✭✭✭✭


    Does anyone know if it is possible to delay, claiming Job Seekers Benefit, and the effectof this, if any.

    Its a redundancy situation for an employee(partner working, taxed jointly), ceasing employment at the end of June, the employee does not expect to be working going forward, and may have to retrain. Once the unemployment benefit ceases after 9 months, they will not get further payments(no Unemployment assistance) as a result of their partners earnings, will mean they will not pass the means test.

    The case I am looking at has an employee who tells me that if they delay claiming job seekers benefit until January 2015 they will be better off. But I am unsure if this is possible, to delay claiming for 6 months.

    They say if they wait until 2015, they will receive almost the full PAYE tax credit of 1,650, whereas if they start claiming in June 2014, but by the time the 9 months of the payment have concluded,(March 2015) they will only be able to claim the amount paid in Job Seekers Benefit in 2015.

    e.g. Claim Unemployment Benefit from July 1st 2014, that will leave 3 months to be paid in 2015, or 13 weeks at 175(188-first 13 non taxable) = 2,275, this will equate to a PAYE allowance on 2015 of only 455, therefore the individual is loosing out by 1,195.

    Anyone any thoughts ?


Comments

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


    The qualifying year for claims made in 2015 will be 2013,will they qualify.As regard to the tax issues a thread in the taxation form might be the way to go.


  • #3
    fafy
    Registered Users, Registered Users 2 Posts: 2,377 ✭✭✭fafy


    mp22 wrote: »
    The qualifying year for claims made in 2015 will be 2013,will they qualify.As regard to the tax issues a thread in the taxation form might be the way to go.

    Cheers, have opened a thread in Taxation.
    http://www.boards.ie/vbulletin/showthread.php?t=2057158784


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