made redundant can i live off 170k.

StevieJ

jamesd wrote: »

ray123, please stop making inaccurate claims about contribution-based JSA. It's something you get for up to 182 days for having paid national insurance contributions and there is no means test for it. After the 182 days then only income-based JSA would be available and srg751 would have too much in savings to qualify for that.

Is this available for someone who receives a pension ? I thought all JSA was means tested.

jamesd

You thought wrong. You do need to be available for work and seeking it. Someone who has actually retired wouldn't pass those tests. Retired is a different thing from having an income from a pension, though.

StevieJ

jamesd wrote: »

You thought wrong. You do need to be available for work and seeking it. Someone who has actually retired wouldn't pass those tests. Retired is a different thing from having an income from a pension, though.

So if you are actively seeking work and receive a pension ?

jamesd

Then you may find a job and get PAYE income and pension income. That seems what srg751 would want to do if he can find a job. The pension bit is just an efficient way to get income out of capital.

paul5046

srg751 wrote: »

ive just been made redundant at 54 with little hope of a job in the forseeable future.

Oh rubbish.

bjorn_again

thetravelbug.org wrote: »

why is this rubbish? loads of people being made redundant and jobs hard to find.

It is not easy to find work in the current economic climate, but it is not impossible. One thing I will say though is that it is easier to find a job if you are already in work than if you are out of it. That is why it makes sense to maybe lower your sights a little and get back into work instead of waiting for the "ideal" job to come along.
You must remain positive - that is assuming you want to work again.

p00hsticks

StevieJ wrote: »

So if you are actively seeking work and receive a pension ?

I believe you can still claim for contributions based JSA for the first six months (assuming you've paid the required NI contributions over the last couple of years) but the amount is reduced to take the pension into account.

http://www.direct.gov.uk/en/MoneyTaxAndBenefits/BenefitsTaxCreditsAndOtherSupport/Employedorlookingforwork/DG_10018757

kostigovs

p00hsticks wrote: »

I believe you can still claim for contributions based JSA for the first six months (assuming you've paid the required NI contributions over the last couple of years) but the amount is reduced to take the pension into account.

http://www.direct.gov.uk/en/MoneyTaxAndBenefits/BenefitsTaxCreditsAndOtherSupport/Employedorlookingforwork/DG_10018757

And unless things have changed since i was a Jobcentre manager the amount of the pension may totally extinguish the JSA

sabretoothtigger

we fear the new people, you should remove the link from your sig otherwise it looks like you are selling something

Banderman

Nobody gives a monkeys about Bulgaria. Why don't you sod off back there if it's so good. And stop trying to sell us dodgy property in the middle of nowhere.