Job seeker allowance means test with savings

CandyButcher

As I know to be elidgable for JSA you must satisfy a means test which means tests your savings.

My question is:

Do they only ask you to produce a copy of your current account saving and not a savings account ?

splinter65

CandyButcher wrote: »

As I know to be elidgable for JSA you must satisfy a means test which means tests your savings.

My question is:

Do they only ask you to produce a copy of your current account saving and not a savings account ?

You have to produce statements from all your accounts in any and all financial establishments

CandyButcher

splinter65 wrote: »

You have to produce statements from all your accounts in any and all financial establishments

How would they know or check if you produce statements from bank A while having your savings in bank B ?

njs030

CandyButcher wrote: »

How would they know or check if you produce statements from bank A while having your savings in bank B ?

You can't ask here for ways to commit fraud.

Edit, pressed post too soon - usually you'll have deposited money between accounts at some point.

OldMrBrennan83

This post has been deleted.

njs030

Patww79 wrote: »

He didn't ask for ways.

He/she asked for ways to hide his savings to claim a full payment which is welfare fraud.

o1s1n

You can have up to 20k in savings before it impacts your means test.

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

For example
If you have €55,000 savings:

The first €20,000 is assessed as nil, €20,000 to €30,000 is assessed as €10, €30,000 to €40,000 is assessed as €20, €40,000 and €55,000 is assessed as €60.

€10 + €20 + €60 = €90

Savings of €55,000 gives a means of €90 per week.

OldMrBrennan83

This post has been deleted.

Sleeper12

CandyButcher wrote:

How would they know or check if you produce statements from bank A while having your savings in bank B ?

You would have shown photo id with proof of address at time of opening up the accounts. All of your accounts in the one financial institution are linked. If you have a current account, savings account and a credit card account they are all linked together

CandyButcher

CandyButcher wrote: »

How would they know or check if you produce statements from bank A while having your savings in bank B ?

Just wondering how thight our means test system is these days as they are pretty poor in the past without the simple implementation of photos on dole cards which allowed millions to be frauded

beechwood55

You will be required to disclose all your savings.

CandyButcher

beechwood55 wrote: »

You will be required to disclose all your savings.

I know that but how do they go about checking if you do not

srsly78

By random checks and audits. It should be trivially easy to just search for accounts associated with a pps number.

ArthurG

srsly78 wrote: »

By random checks and audits. It should be trivially easy to just search for accounts associated with a pps number.

How? I have a savings account opened when I was a kid. I’m pretty sure there is no reference to my PPS on it.

A_Sober_Paddy

srsly78 wrote: »

By random checks and audits. It should be trivially easy to just search for accounts associated with a pps number.

My credit union, never got my PPS number, which at the time I found very strange. This was 13-14 years ago tho

cee_jay

Thread closed. Thread goes against the spirit of the forum. Also your initial query has been answered. Please read the forum charter.