JSA and Savings

armaghgirl

Hi all,

A friend of mine has asked me this question, hope someone can shed some light?

He wants to claim JSA as he has lost his job recently and he has £6000 of savings, he was wondering does his partners savings also impact on his claim or is it just his savings that affects it?

Hope someone can help.

Many Thanks

Armagh Girl

pfpf

if he is claiming contribution based(CB) JSA then his savings dont come into it. assuming he has been working for a couple years before claiming he should qualify for CB.

if it is income based(IB), basically he's not been working long and not payed enough NI then i 'think' reductions start at £6k savings and allowance disapears completely at £16k.

someone will confirm this on here i am sure.

[Deleted User]

partners savings do count,and for income based JSA you lose £1 for every £250 of savings over £6000 at £16,000 no benefit payable

cassieB57

woodbine wrote: »

partners savings do count,and for income based JSA you lose £1 for every £250 of savings over £6000 at £16,000 no benefit payable

it's £16000.01. You can have UP TO £16000. That penny could make all the difference!

alwaysonthego_2

pfpf wrote: »

if he is claiming contribution based(CB) JSA then his savings dont come into it. assuming he has been working for a couple years before claiming he should qualify for CB.

It's tax years 07-08 and 08-09

[Deleted User]

cassieB57 wrote: »

it's £16000.01. You can have UP TO £16000. That penny could make all the difference!

well yes in theory it could,in practice would you allow your savings to exceed the limit by 1p?:money:

cassieB57

woodbine wrote: »

well yes in theory it could,in practice would you allow your savings to exceed the limit by 1p?:money:

my point was, that the threshold is £16000.00 ie you can have up to that amount and receive income-based JSA, there has to be a 1p difference somewhere doesn't there? (I mean whenever you have a cut-off point)
You said "at £16000, no benefit payable". I was just correcting that statement