Should retired savers register as unemployed.

iltisman

Now that rates are heading towards zero I am thinking of going down to the dole office or whatever it is called now and registering as wanting a job.If all of the savers abandoned by this crap government do this it might put a nice spike on the unemployment figures and expedite Browns departure.I suppose there is a remote chance I might get some free money and perhaps a job.

Sapphire

iltisman wrote: »

Now that rates are heading towards zero I am thinking of going down to the dole office or whatever it is called now and registering as wanting a job.If all of the savers abandoned by this crap government do this it might put a nice spike on the unemployment figures and expedite Browns departure.I suppose there is a remote chance I might get some free money and perhaps a job.

I sympathize with you and think this would be a good strategy, except that if you have savings of above £16,000 (correct me if I'm wrong), you won't qualify for any kind of benefits and will probably receive no help at all. You will have to use up your hard-earned savings before getting any benefits.

Being prudent does not pay off. It's the skivers and over-debted who will benefit (from taxpayers' money, of course). :cool:

repoamuse

My grandfather will be turning in his grave. I remember him whinging about falling rates when he was getting 11% on his halifax liquid gold account.

I would give it a try. If your close by up north, i'll even come with you!

puddy

only works if you are retired and under retirement age though. you can register at the 'ba' (benefit agency) though, you just might not get any 'dole' but you would get your ni contributions i think

beingjdc

Sapphire wrote: »

I sympathize with you and think this would be a good strategy, except that if you have savings of above £16,000 (correct me if I'm wrong), you won't qualify for any kind of benefits and will probably receive no help at all. You will have to use up your hard-earned savings before getting any benefits.

Being prudent does not pay off. It's the skivers and over-debted who will benefit (from taxpayers' money, of course). :cool:

As long as you've paid National Insurance for long enough it shouldn't matter what savings you have - you should be eligible for jobseekers (for six months) as long as you are under 60, available for full-time work, and didn't quit your job voluntarily, or if you did it was over 6 months ago.

Sapphire

beingjdc wrote: »

As long as you've paid National Insurance for long enough it shouldn't matter what savings you have - you should be eligible for jobseekers (for six months) as long as you are under 60, available for full-time work, and didn't quit your job voluntarily, or if you did it was over 6 months ago.

Really? I didn't know that. Useful to know …

beingjdc

Sapphire wrote: »

Really?

I believe so, though possibly as well as mortgage advisers having to say in their signature here that they are one, everyone should have to say what they aren't.

I am not a benefits adviser.

PasturesNew

iltisman wrote: »

Now that rates are heading towards zero I am thinking of going down to the dole office or whatever it is called now and registering as wanting a job.If all of the savers abandoned by this crap government do this it might put a nice spike on the unemployment figures and expedite Browns departure.I suppose there is a remote chance I might get some free money and perhaps a job.

I posted a question on the benefits board last week asking if there was any good reason why I should sign on. If there was something magical that I didn't know about. Because of my savings I can't get dole money, but I wondered if there was something else, some magical passport to goodies.... they said it would be a useless form-filling exercise for me.

With savings there's not even a magical passport because I wouldn't be in receipt of any benefit I'd not even get discounts etc in shops/whatever.

But yes, a spike. I'd be interested in that ... except I wouldn't ... it wouldn't do/prove anything at all. I am a jobseeker, but actually, strangely, my internet income seems to be on the up again this month I think (not checked closely after it went so low in December)... so I have self-employed earnings from that + my interest. Without that, I'd have probably just done it to be on the stats.

PasturesNew

Sapphire wrote: »

I
... if you have savings of above £16,000 (correct me if I'm wrong), you won't qualify for any kind of benefits and will probably receive no help at all.

True

---

PasturesNew

jenner wrote: »

only works if you are retired and under retirement age though. you can register at the 'ba' (benefit agency) though, you just might not get any 'dole' but you would get your ni contributions i think

Yes, just NI.
For me, I'm paying a s/e stamp already though.... did wonder if there'd be any point still.

PasturesNew

Sapphire wrote: »

Really? I didn't know that. Useful to know …

Surprises me too... looks like we need to send a deputy to the Benefits board to represent all of us in one thread.

Not me, I'm different (speshul)