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Signing off and capital
marycanary
Posts: 313 Forumite
Hi everyone,
I'm new here and hope someone can help me with this question.
I have been unemployed and on CBJSA for 4 months. I can not claim IJSA because of the amount I received in redundancy payment and some saving I had. I have now found a new job but it is low paid and only part time. To enable me to make the mortgage payments at this new wage I will need to use what is left of my redundancy payment approximately £50k to reduce the outstanding amount and reduce the amount per month.
Would this be viewed as deliberately depriving myself of capital if I then applied for CTB and WTC?
Many thanks
Mary
I'm new here and hope someone can help me with this question.
I have been unemployed and on CBJSA for 4 months. I can not claim IJSA because of the amount I received in redundancy payment and some saving I had. I have now found a new job but it is low paid and only part time. To enable me to make the mortgage payments at this new wage I will need to use what is left of my redundancy payment approximately £50k to reduce the outstanding amount and reduce the amount per month.
Would this be viewed as deliberately depriving myself of capital if I then applied for CTB and WTC?
Many thanks
Mary
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