What's the maximum amount of savings I can have in order to claim JSA

icebergx

Hi all,

What's the maximum amount of savings I can have in order to claim contributions based JSA? I have £6000 in savings. Will I be eligable to claim?

Also, if I leave my job voluntarily, will I be able to claim contributions based JSA?

Thanks.

McKneff

If you leave your job voluntarily, no, you could be sanctioned for up to 26 or 28 weeks.

I think you would be okay savings wise though

cifpower

Savings do not matter if you claim JSA(CB)

healy

McKneff wrote: »

If you leave your job voluntarily, no, you could be sanctioned for up to 26 or 28 weeks.

I think you would be okay savings wise though

The maximum sanction is 26 weeks.

NowWhat_2

cifpower wrote: »

Savings do not matter if you claim JSA(CB)

That is my understanding.

From what I have read - it seems as if when someone goes onto JSA (non contributions-based) that the DWP might want to see the last 2 or 3 months worth of bank statements at the start of month 7 (if you are unemployed that long).

It would be useful to know whether - from that - it is deemed acceptable to spend the savings you have during the first 3 months claiming benefit and you then have to maintain the status quo on your "capital/savings" for the next 3 months because of that searching of your bank statements if you remain unemployed long enough to use up the 6 months worth of JSA(CB) and then have to go onto JSA (non contributions based). Is that the case?

It looks as if there is an initial 3 months leeway to start with where people can spend their own money the way they decide to - before the DWP starts seeing if they count as having too much "capital" to give them the full benefits due if they reach month 7 and beyond of unemployment. I can't be quite sure on that point.

[Deleted User]

Spending capital in order to become eligible for benefits can be seen as deprivation of capital