What is my family entitled to after loosing a job

princessdon

Do you have savings over £6K and more than £16K or a house you own and don't live in?

Until you answer that we can't advise more.

Cookieraider_2

princessdon wrote: »

PS - A bit after the horse has bolted scenario but..

When he gets a new job please look at income protection. It gives me complete peace of mind to know I have 90% of salary paid for 12 months and is a very small premium to pay.

It may not help now, but as you have worked out help to maintain current lifestyle is zero, so self insurance is the way to go.

He had income protection but it was pricey so we lowered it to just protection if he was sick

princessdon

ljcook wrote: »

No only the house we live in and no savings (

The SMI will help with the interest on our mortgage which is good but I hope he has a job by then.

Sorry it wasn't showing on my PC at the time.

In that case apply for Income Based JSA for SMI

You get free school meals, full tax credits, and SMI after 12 weeks.

You'd have been truly stuffed if you had savings!

Good luck with his job hunt or Self Employment.

It's not a lot of help I know

princessdon

ljcook wrote: »

He had income protection but it was pricey so we lowered it to just protection if he was sick

We pay £23 pm for £2400 pm income so for us was worth it.

Cookieraider_2

sleepless_saver wrote: »

Did CAB not advise you to claim those benefits then? Anyway, if you (as a couple) are entitled to any income related JSA then the children can get free school meals. Plus you would get help with mortgage interest after 13 weeks. If you're not entitled to any income based JSA you would get no help with the mortgage.

More info about benefits and you can work out what you're entitled to at http://www.turn2us.org.uk/

I did a benefits check on-line (which was when I learnt how little help we get!)

I guess im worrying because my business is from home and if we loose our house, I loose my business!

Cookieraider_2

princessdon wrote: »

Sorry it wasn't showing on my PC at the time.

In that case apply for Income Based JSA for SMI

You get free school meals, full tax credits, and SMI after 12 weeks.

You'd have been truly stuffed if you had savings!

Good luck with his job hunt or Self Employment.

It's not a lot of help I know

Thanks, any idea how much full tax credits are??

gingergee

about 100 pw i think. ( its usually 50 £ ish per child) x

princessdon

Its about 75 for first child then 40 for 2nd.

Do a turn to us with your income and JSA only (don't use last years figures).

Cookieraider_2

princessdon wrote: »

Its about 75 for first child then 40 for 2nd.

Do a turn to us with your income and JSA only (don't use last years figures).

? I was told to phone back on his last/final day of work with his P45 earnings

princessdon

ljcook wrote: »

? I was told to phone back on his last/final day of work with his P45 earnings

Yeah it's a chicken and egg situation. Until he is eligible for income based JSA they won't listen.

Eg If I was redundant I'd get zero - as not entitled to Income Based JSA to savings, so until you are given income based JSA they won't alter the tax credit's as you need income based to "passport" the Tax Credits over the annual threshold.