Definition of "Capital" in benefits calculators

kingg

elsien wrote: »

No, I was a care manager. I took the opportunity to get out of management and into a slightly different field. Working on the basis that as I'd already lost my job security, generous holiday and sick pay allowance etc, I'd got nothing to lose. If I didn't like it I could move on again any time I felt like it. Tbh, the job had got a bit stale but was too comfortable to make the move. Redundancy actually turned out to be the boot up the backside I needed. Although I wouldn't have said that if you'd asked me at the time, I was also in mourning.

Another tip I was given if you're registering with recruitment agencies online. Take the CV down and repost it every week - you don't need to change it. They use software that scrapes the newer CVs first, as the older ones might be where people have got jobs and not got round to taking them down.
Also, get used to recruiters contacting you about a potential job then getting a deathly silence almost immediately. It's not personal, the old courtesies no longer seem to apply.
Hope you get something sorted soon.

Sorry to hear about the mourning.

All points noted. Thanks.

Mersey_2

The Company Men (on DVD, or Sky if you have it) may help as it's just your situation: senior engineering firm make people redundant etc [I won't reveal the whole plot, but they also receive an outplacement service so it may help to cheer you up]


Essentially based on the 2008 crash, but a sign of the times.


As others have suggested:


* capital is irrelevant for contribution-based JSA, which you'll be entitled to for 26 weeks. You may need to make a clerical/paper claim (over the 'phone or at a JobCentre Plus office), as the online Universal Credit system isn't yet geared up for this.


* after 6 months, you may then be able to claim means-tested benefits (income-based JSA or UC), but hopefully by then you'll have find something else.


Good Luck in your job hunt!

kingg

Mersey wrote: »

The Company Men (on DVD, or Sky if you have it) may help as it's just your situation: senior engineering firm make people redundant etc [I won't reveal the whole plot, but they also receive an outplacement service so it may help to cheer you up]

Essentially based on the 2008 crash, but a sign of the times.




* after 6 months, you may then be able to claim means-tested benefits (income-based JSA or UC), but hopefully by then you'll have find something else.


Good Luck in your job hunt!

Thanks Mersey. I have seen the movie many times. The industry I work in (Oil and Gas) has been suffering since 2014. Most of my colleagues ( contractors) were laid off then. I used to be supportive of them, and recommended watching this movie. But as a staff I expected a bit of stability, but here I am in this situtation.

Most of my colleagues who were out of jobs have found jobs, but in different areas, which I am trying as well. Some of them have still not been able to find anything useful. Such is the state of the industry.

Thanks for your wishes.

PersianCatLady

king g
You need to put in a claim for Contribution-based JSA ASAP as on the GOV.UK website it states -


"You may get contribution-based JSA if you’ve paid enough Class 1 National Insurance contributions in the 2 tax years before the current benefit year........You can get contribution-based JSA even if your partner works or you have savings."


From what you have said you fit into this category so here is the link for how to claim -
https://www.dwpe-services.direct.gov.uk/portal/page/portal/jsaol/lp


I hope that this is helpful to you.