Early retirement and jobseeking / benefits

kremmen

Someone suggested I repost here so her I go:-

Hi All,

I have had enough of working for my company after working for them ( off and on since the early 70's). Sorted and leaving in less than 1 month on my 55th birthday.

I will be getting pension of around £11K and planned on possible part time job to boost my income. I know I won't get job seekers allowance and am not moaning about that.

However some bar room lawyers think I can get income support or some benefits as I have a 14 year old at school.

I am very sceptical but I thought I would check if anyone has had any experience with this situation?

Thanks for taking the time to peruse my query

Paul

alwaysonthego_2

No you can't get IS as you do not meet the requirements and your income would be too high.

You are getting CTC?

NASA_2

You will not be entitled to IS as your income is far too high. Its also too high for the contributory benefits.

kremmen

alwaysonthego wrote: »

No you can't get IS as you do not meet the requirements and your income would be too high.

You are getting CTC?

Yes I am , do I need to contact them about change in income ( loosing £18K a year).

Paul

alwaysonthego_2

kremmen wrote: »

Yes I am , do I need to contact them about change in income ( loosing £18K a year).

Paul

Tax credits is worked out on tax year 09-10 so if you rung them up to give them a lower income they would assess it on an estimated income for 10-11 so make sure you overestimate otherwise you could get an overpayment if you got any extra income.

Oldernotwiser

Are you a lone parent? If not, you need to be working at least 30 hours a week to claim WTC.

kremmen

Oldernotwiser wrote: »

Are you a lone parent? If not, you need to be working at least 30 hours a week to claim WTC.

Yes and my son is 14.

Paul