News0 min ago
Claiming Benefits
If you work all your life, save money towards your retirement and then get made redundant are you entitled to unemployment benefit or job seekers allowance ?
or do you have to use you retirement / redundancy money until it runs out before you get any help ?
or do you have to use you retirement / redundancy money until it runs out before you get any help ?
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You can apply but what benefits you can claim will be determined when your financial circumstances have been assessed.
The following link may help answer some of your questions:-
https:/
The following link may help answer some of your questions:-
https:/
JSA (and the equivalent element of Universal Credit) comes in two forms. If you become unemployed with a recent full record of National Insurance contributions you're eligible for Contribution-Based JSA, which is NOT means-tested.
Contribution-Based JSA is only payable for a maximum of 6 months though. Anyone who isn't eligible for Contribution-Based JSA (either because the 6-month period has expired or simply because they've not got a recent full record of National Insurance contributions) can apply for Income-Based JSA, which IS means-tested (with, for example, the income of the claimant's partner being taken into account). Savings, including things like redundancy money, are also taken into account.
For people living with a partner in full-time employment that typically means that they'll get full JSA for up to 6 months but, if they remain unemployed, absolutely nothing thereafter.
See here:
https:/
although this is possibly a better summary:
https:/
Contribution-Based JSA is only payable for a maximum of 6 months though. Anyone who isn't eligible for Contribution-Based JSA (either because the 6-month period has expired or simply because they've not got a recent full record of National Insurance contributions) can apply for Income-Based JSA, which IS means-tested (with, for example, the income of the claimant's partner being taken into account). Savings, including things like redundancy money, are also taken into account.
For people living with a partner in full-time employment that typically means that they'll get full JSA for up to 6 months but, if they remain unemployed, absolutely nothing thereafter.
See here:
https:/
although this is possibly a better summary:
https:/
As Buenchico says contribution based JSA is not means tested in that savings are not taken into account, however it is only a small amount- about £150 a fortnight for up to 6 months and can be reduced or become zero if you are in receipt of any pension income. And JSA does not entitle you to free prescriptions or NHS treatment
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