help need to clarify on future JSA claim

dsfh0101

I work alongside my parents running a small takeaway. I already had to give up my own career prospects just after graduating from university to help them out due to health problems. Whilst at uni, I worked Friday to Sunday earning £80. After graduating, due to their health, I started to work each night but at the same money whilst I was in university while still living at home with them alongside my 2 brothers. This changed 4 years ago when my father made me a partner in the business due to both my father and mother wanting to retire. The plan was to train me up in all aspects including financial and tax with the view of taking over the business. However business has been declining whilst costs are going up. While we are still making a reasonable profit, adding in the cost of hiring of either 1 full time + 3 part time employees or 2 full time + 1 part time employees would cause us just to break even. This is assuming I do not take a wage in any form, costs keep going up or business going down. With the business no longer viable in the future, my father decided to sell rather than risk losing it all. I will gain very little if anything from the sale as after the remaining debts and taxes are paid, what is left will go my parents retirement.
So my situation is this. I sacrificed my own career to helping out my parents. My brother are in work while I will not unless I am able to find one. I am still living with my brothers and my parents. I will have very little in savings after the sale. Would I be able to claim income JSA until I find work.

nannytone_2

if your savings are under 6k you will receive income based JSA.
between 6 and 18k you would receive benefit at a reduced rate.
over 16k you would receive nothing

dsfh0101

Would my living with my 2 brothers who are working and my parents have any impact on the claim.

nannytone_2

not as far as JSA is concerned.
you would have no entitlement to housing benefit though

dsfh0101

Thank you for the info. Hopefully, I will be in a better position without needing jsa. This is probably what I needed to take control of my life again. While I do not mind working longer hours, even overtime. Working 14 hours or longer a day, 6 days a week for little money was not something I wanted whilst I was studying at university.

dsfh0101

I have a few more followup questions.

1. When they ask for household income, does this mean anything savings, other income, investments etc I have who is single with no children other dependants or does it include the savings and/or pension and other income of my parents and 2 brothers all living together?

2. When I go to the first interview, apart from forms of ID including and/or passport, birth certificate, utility or mobile phone bill, what else should I take seeing that I am not an employee but a partner in the family take away business?

It seems my father is going ahead with the sale so I am starting to create my CV and started to look for work. I came back from the bank to see my father talking to a buyer who put in an offer even before the whole business and property went on the market in which my father accepted. I may not like how I was treated but he still is family.