claiming jsa

compass_clock

Having been made redundant after 9 years of service, i signed on yesterday
With the redundancy pay i will recieve and already savings that i have, I will have over £16000 of savings at this moment in bank account, the question i ask is will i be able to claim JSA ? (contribution or income) for first 6 months - not to sure on this and how it works - need clarification ?
Having worked for last 9 years i am pretty sure i will have paid enough of NI contributions, it is the savings that i am unsure of that will possibly stop my claim
Any help please and advice please

Gordon_Hose

Even if they don't give you any money because of your savings/redundancy payment you should sign on anyway, to get in the system and any help finding a job you may be entitled to.

MX5huggy

You should get JSA contribution based straight away. They are only interested in you NI record for the 2 tax years before the current benefit year 07-08 & 08-09.

compass_clock

Thanks for that info

ceridwen

Surprised no-one has mentioned it - but savings over £6,000 are taken into account after 6 months of unemployment basically.

There are various things in place to stop people spending the savings over and above that £6k - but dont know the details of that one.

You need to try to get SOMETHING before that 6 months is up - in order to legitimately protect your savings. Even if that "something" is a "make do" temporary job (during which time you can spend your savings as you decide). I'm not sure what length of time one needs to be in a job that one knows is "permanent" (even if it turns out not to be:() on the one hand or a "temporary" job on the other hand before savings accummulated "before the event" have stopped being taken into account.

Maybe someone else knows the answer to the length of job necessary?